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14.04.202514:09:32UTC+00US Natgas Prices Little Changed Near $3.5/MMBtu

US natural gas futures hovered around $3.5 per MMBtu, approaching near two-month lows, as investors weighed strong LNG export demand against forecasts of milder weather. Flows to US LNG export terminals hit a record 16.3 bcfd in April, bolstered by increased activity at Venture Global’s new Plaquemines facility in Louisiana. Although warmer weather is anticipated to slightly decrease overall gas demand next week, revisions to this week's forecasts suggest a slight increase in demand. Over the weekend, production reached a record high of 107.4 bcfd. With warmer-than-usual temperatures expected to continue through April 29, heating demand is predicted to decrease, while cooling needs will remain moderate. Despite high production levels, the decline in crude oil prices might slow down oil and gas drilling activities, potentially tightening supply in the future.

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