Weekly natural gas cash prices sank to their lowest levels of the year as weakening weather-driven demand outweighed supportive trends in production and LNG exports.

NGI’s Weekly Spot Gas National Avg. for the February 29 to March 1 trading period for March gas delivery fell 11.0 cents/MMBtu to $1.440.

Leading regional declines were the Northeast and Arizona/Nevada. New England’s PNGTS fell $1.800 week/week to average $2.020. El Paso S. Mainline/N. Baja shed 43.0 cents to $1.495.

Meanwhile, prices were mostly higher in Texas, South Louisiana, the Midwest and Appalachia. Waha rose 4.0 cents to average 59.0 cents. Chicago Citygate rose 5.5 cents to $1.440. The benchmark Henry Hub was unchanged at $1.560 from the previous week. 

Meanwhile, in futures markets, the...