Natural gas futures rallied Tuesday on news that full liquefied natural gas (LNG) exports could soon resume from two key Gulf Coast facilities. An increasingly chilly weather forecast solidified the momentum, with the November Nymex gas futures contract soaring 11.8 cents to settle at $2.913. December slipped 2.0 cents to $3.260.

Markets

Spot gas also jumped sharply Tuesday, with the culmination of some, but not all, pipeline maintenance giving a big boost to Permian Basin prices. NGI’s Spot Gas National Avg. shot up 29.5 cents to $2.455.

After Monday’s breather in the futures market, prices raced out of the gate Tuesday as eager traders jumped on the news that the U.S. Coast Guard (USCG) would allow vessels of all sizes to transit the Calcasieu Ship Channel. Although a barge...