Happy Friday! To round off the week, the prompt month NYMEX December 2022 contract settled down US$0.066/MMBtu for the day at $6.303. Although trading was still wide at a $0.43 range, price have held at the higher level since yesterday’s rally. This was a tad surprising as Freeport LNG released news today confirming initial production returning mid-December, 2 Bcf in January 2023, and full production utilizing both docks anticipated to commence only in March 2023. It appears that weather has now returned to dominate the fundamentals, but we’ll keep an eye out for fundamental changes and headlines. ~CL
