Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December.

At A Glance:

  • LNG facility aims for December return
  • Demand could intensify next month
  • Analysts expect large storage pull

After shedding 6.6 cents on Friday, the December Nymex gas futures contract surged 47.3 cents day/day and settled at $6.776/MMBtu to start the new week. January gained 50.7 cents to $7.223.

NGI’s Spot Gas National Avg. advanced 24.5 cents to $6.930.

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

Executives at the...