September Bidweek Prices Rally as Natural Gas Traders Look Ahead to Rising LNG, Bullish Winter

While weathering a tumultuous stretch in the natural gas market headlined by a Category 4 hurricane crashing into the Gulf Coast, bidweek traders throughout much of the North American market locked in premiums for the month of September. 

Strengthening futures prices bolstered by expectations for rising liquefied natural gas (LNG) demand in the month ahead helped send NGI’s Bidweek National Avg. 51.5 cents higher month/month to $2.195/MMBtu.

Prices increased 26.5 cents on average compared to the $1.930 national average recorded for September 2019 bidweek.

Laura’s arrival last week prompted a sharp drop in LNG feed gas volumes driven by shut-ins at the Cameron and Sabine Pass export terminals. As of Tuesday, questions surrounding Laura’s lingering impacts on U.S. LNG...