January 3- 24 Market Update

NYMEX Natural Gas Futures Contract Winter 24 contract settled at 2.549 USD/M, and Summer 24 settled at 2.659 USD/M.

Market Fundamentals – In Canada, gas production remained strong, holding near record rates at 1/1 level of 18.72 Bcf/d. Also, Canadian exports to USA trend upwards this week, rising to 6.72 Bcf/d which is the highest rate it has been since late-November. Prices are stable as of today, although there are a few months remaining for Winter. Starting the week of January 19, forecasters have come to the conclusion that it could be the coldest of the season with an early guidance of 4.167°C. (KJ)

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