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June natural gas is expected to open a penny higher Thursday morning at $2.01 as traders consider whether supply and demand show any signs of realigning, and focus on weekly government storage figures. Overnight oil markets were mixed.

California’s electric grid operator said on Wednesday that summer power supplies should be adequate even after the closure of the state’s largest natural gas storage facility in Southern California.

Natural gas traded Wednesday reversed Tuesday’s modest gains as losses of close to a dime were widespread over all market points. One point made it to the plus column and one point was unchanged, but all other locations followed by NGI were well into the red. The NGI National Spot Gas Average shed a hefty 8 cents to $1.74.

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

Kinder Morgan Inc. (KMI) has indefinitely suspended construction of its $1 billion Palmetto Pipeline after the Georgia General Assembly passed a moratorium on eminent domain, but the legislation is unlikely to impact natural gas projects in the state.

Environmental group Delaware Riverkeeper Network (DRN) continues to hound FERC, filing a lawsuit Tuesday in the United States Court of Appeals for the District of Columbia challenging the agency’s approval of Transcontinental Gas Pipeline Co.’s (Transco) Leidy Southeast Expansion.

Natural gas futures worked higher Thursday morning after the Energy Information Administration (EIA) reported a storage withdrawal for the week ending Dec. 18 that was somewhat more than what traders had been expecting.

Natural gas forwards rose substantially for the period between Dec. 18 and 23 as declining production and the potential for much stronger demand resuscitated the markets after weeks of steady declines, NGI’s Forward Look shows.