Natural gas futures found fresh footing Thursday, supported by a weekly storage report that slightly beat estimates and signs that the Freeport LNG export terminal may be preparing to restart its third train.

At A Glance:

  • Production falls to 100.8 Bcf/d 
  • Freeport power use hints at restart
  • National Avg. rises 1.0 cent $1.145

The April Nymex contract rose 8.3 cents/MMBtu day/day to settle at $1.741. The contract traded across a range of $1.643 to $1.767.

NGI’s Spot Gas National Avg. rose 1.0 cent to $1.145 to halt a five-day losing streak. Leading gains were hubs in South Texas, the Northeast and the country’s midsection. West Texas led decliners, sinking further into the negative.

Production slipped to 100.8 Bcf/d Thursday from a slightly revised 101.2 Bcf/d on...