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Natural Gas Prices Attempt Bottom as Selling Exhaustion Prevails

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Published: February 25, 2026

Warm Weather 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 long-term price ceiling.

LNG Feedgas Strength

The record LNG export flow remains the primary support factor. Without the 18.2 Bcf/d of overseas demand, prices would likely be testing the sub-$2.00 range seen in previous warm-winter anomalies.