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Natural Gas Prices Attempt Bottom as Selling Exhaustion Prevails

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Published: February 26, 2026

Thermal Demand Capitulation

The 2025-2026 heating season is effectively over. The market is now shifting its focus to power burn and spring injection levels, with high storage levels acting as a significant price ceiling.

LNG Feedgas Strength

Feedgas demand at US LNG terminals remains at record highs. This structural demand from overseas is the only major factor preventing a move toward the sub-$2.00 range seen in previous warm cycles.