Natural gas futures were trading lower early Friday as uncertainty over near-term weather demand shifted attention away from a rebound in Freeport LNG feed gas flows and Thursday’s bullish government storage report. 

Natural Gas futures

The June Nymex contract was down 3.5 cents to $2.266/MMBtu at around 8:45 a.m. ET. An hour earlier, the contract had been trading around $2.322 before it began its decline.

Uncertainty about weather-driven demand in the coming days could be one factor behind the dip.

[Inside the Political Firestorm: NGI sits down with Neil Chatterjee, a former FERC chairman and commissioner, to discuss the impacts of President Biden’s LNG pause on authorizing new liquefied natural gas export projects in the U.S. Tune into NGI’s Hub & Flow podcast now.]

The two major weather...