Natural Gas Prices Explode on Record Storage Draw and Polar Vortex Demand

LNG Feedgas Recovery

Flows to US LNG export plants have surged to 17.9 Bcf/d as the Freeport LNG facility returns to full capacity. This structural demand from international markets is preventing a deeper correction despite forecasts for milder weather in mid-February.

Haynesville Marginal Costs

With prices now above $4.00, marginal producers in the Haynesville region are expected to ramp up drilling activity. This supply response is necessary to balance the system as three new LNG export facilities come online later in 2026.