• Hurricane Laura gaining strength as it barrels toward U.S. Gulf Coast
  • LNG export facilities reduce operations; TGP shuts Louisiana compressors
  • Cash slides as demand starts to soften ahead of storm’s landfall

Natural gas traders were on high alert Tuesday as Hurricane Laura churned toward the Gulf Coast, with impacts to supply and demand reverberating across the market ahead of the storm’s projected landfall late Wednesday or early Thursday.

market

Volatility was on full display, with the September Nymex gas futures plunging to an early $2.451 intraday low before rebounding a bit to settle Tuesday at $2.489, off 2.4 cents from Monday’s close. October slipped 2.0 cents to $2.596.

Spot gas prices also softened due to increasing cloud cover along the Gulf Coast, as well as lower...