Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand, fueled the rally.  

Northeast Prices

The May Nymex contract settled at $2.680/MMBtu Friday, up 2.2 cents day/day. June advanced 2.4 cents to $2.754.

NGI’s Spot Gas National Avg. slipped 2.0 cents to $2.545, marking its first decline in an otherwise strong week for cash prices.

LNG feed gas volumes hovered close to 2021 highs and above 11 Bcf on Friday, NGI data showed, as export destinations in Asia and Europe continued to buy up U.S. supplies of the super-chilled fuel. Pipeline exports to Mexico also held strong, hanging near 7 Bcf.

A round chilly spring weather...