Natural Gas Prices Moderate as Milder Weather Forecasts Dampen Arctic Demand

Storage Draw Normalization

Despite a record storage withdrawal in late January, US inventories remain healthy. With the peak of the winter heating season potentially behind us, the market is shedding the extreme 'polar vortex' risk premium.

LNG Export Floor

Structural demand from LNG export terminals remains a primary support factor. As new capacity comes online later in 2026, the US will solidify its position as a top exporter, keeping a long-term floor under Henry Hub prices.