Free Trial

US Natural Gas Declining Despite Freeport Ramp-Up


US natural gas prices have dipped on mild weather forecasts heading into April as prices track towards a 30-month low.

  • Prices are falling despite higher amounts of feedgas heading to Freeport after its eight-month outage.
  • Freeport LNG’s export plant was on track to pull in about 1.6 bcfd of gas on Tuesday, up from 1.2 bcfd on Monday, according to Refinitiv.
  • At full capacity, Freeport LNG can turn about 2.1 bcfd of gas into LNG for export.
  • Refinitiv said average gas output in the U.S. Lower 48 states rose to 98.5 bcfd so far in March from 98.1 bcfd in February. The monthly record is 99.9 bcfd in November 2022.
  • US Natgas APR 23 down -1.6% at 2.05$/mmbtu

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.