Natural gas futures fell for a third consecutive day Wednesday as mild fall weather and its dampening effect on demand eclipsed robust liquefied natural gas (LNG) levels and overall tightened balances.

The December Nymex contract settled at $3.046/MMBtu, down 1.3 cents day/day. January fell 1.8 cents to $3.177.

Diminished near-term weather demand also dragged spot gas prices lower. NGI’s Spot Gas National Avg. shed 28.0 cents to $2.345.

LNG feed gas volumes hovered close to 2020 highs around 10 Bcf Wednesday, as U.S. export destinations in Asia and Europe were expected to boost demand during the winter months. Bullish LNG trends outshined pleasant fall weather a week ago. However, the dynamic shifted this week as U.S. forecasts have increasingly called for warmth – and...