NYMEX Natural Gas Futures Contract Natural gas traded sideways today as the prompt month March 2023 NYMEX contract settling +US$0.007/MMBtu at $2.684. At the time of writing (4:11 PM), prices have climbed slightly to $2.724.
Market Fundamentals Cold weather continues, but past this weekend, forecasts continue to revise closer to normal temperatures. Freeport LNG continues to submit requests to return to service to FERC (Federal Energy Regulatory Commission), with the most recent looking to begin flowing natural gas into the pretreatment facility and then permit the initial production of LNG to flow into LNG Tanks 1 and 2 onsite. The subsequent news led to the back half of 2023 rising $0.10 post-settlement. ~CL