After a steep sell-off in the previous session, natural gas futures recovered a large chunk of their recent losses in early trading Thursday on the prospect of further increases in export demand. The November Nymex contract was up 12.9 cents to $2.765/MMBtu at around 8:40 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Analysts at EBW Analytics Group attributed the gains early Thursday to reports that a pipeline force majeure limiting flows into the Sabine Pass liquefied natural gas (LNG) terminal could soon be lifted. The restored pipeline capacity could add 1.5 Bcf/d or more of demand, the firm estimated.

NGPL (aka Natural Gas Pipeline Co. of America) notified shippers Wednesday that a number of locations on its Louisiana Line in Cameron Parish, LA, would be returning to service. NGPL had previously declared a...