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Natural Gas Breaks Out as Deep Freeze Descends on Northeast

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Published: January 29, 2026

Real-Time Demand

Physical cash prices at the Henry Hub and Transco Zone 6 (NY) have spiked significantly above futures, indicating acute immediate tightness. Pipeline constraints are emerging in New England.

Storage Draw Forecast

The market is now pricing in back-to-back massive storage draws for early February, which will rapidly erase the inventory surplus.