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Hefty Storage Supply, Soft Demand Weigh on Natural Gas Forward Prices

Natural Gas Intelligence · last updated

Benign weather across multiple regions in early June, along with robust storage injections that boosted inventories well above the five-year average, hampered natural gas forward prices.

NGI's natural gas forward curve pricing at locations relevant to LNG exports

July fixed forward prices at national benchmark Henry Hub slipped 20.8 cents to $3.512/MMBtu for the June 5-11 period, NGI’s Forward Look data show.

Chicago Citygate fell 23.5 cents to $3.022, while Algonquin Citygate in New England declined 22.2 cents to $3.159. Out West, prices at Malin dropped 26.7 cents to $2.965.