Analysts continued to keep a close eye on signs of post-Laura recovery in liquefied natural gas (LNG) export activity early Friday as natural gas futures probed a few cents higher. The October Nymex contract was up 2.8 cents to $2.515/MMBtu at around 8:50 a.m. ET.

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Balance data early Friday showed no major changes day/day for LNG export demand, production or power burns, according to Bespoke Weather Services.

“Expectations are still for LNG to come back, but so far we have seen little recovery since Hurricane Laura,” the firm said. “The story remains the bearish fundamental picture at the front of the curve, with very high storage levels, and balances that look to be loosening, at least until LNG can finally ramp back up.”

The bearishness near the front of the curve is...