NYMEX Natural Gas Futures Contract Prompt month March 2023: +US$0.034/MMBtu to $2.43. Summer 2023: +$0.002 to $2.891. Winter 2023: -$0.017 to $3.86.
Market Fundamentals The U.S. EIA storage report came in at 10:30AM today and recorded a withdrawal of 217 billion cubic feet (Bcf). Although larger than some estimates, a surplus to last year continues to hold. In the near term, the FERC has granted Freeport LNG permission to bring Loop 1 online, but the LNG trains will require further filings and demonstrations that they are fit for service. ~CL