• Natural gas futures dropped sharply midday amid speculation over potential repairs at Freeport LNG terminal
  • April Nymex contract climbed to near $1.720/MMBtu before sell-off kicked in around 12:40 p.m. ET
  • Front month off 8.6 cents to $1.655 as of 2:28 p.m. ET
  • Per Bloomberg report: Freeport Train 3 restarting, but repairs expected for liquefied natural gas export facility’s other two trains
  • “It’s possible selling accelerated on reports Freeport LNG maintenance would carry over to other trains to delay full operations further”
  • Pipeline flows to Freeport well below capacity at 769,760 Dth/d for Friday, according to NGI’s LNG Export Tracker
  • Cash prices climb off lows as chills seen reaching eastern Lower 48 into early next week, NGI’s MidDay Price Alert data show
  • Lower 48 weather...