Natural Gas Prices Rebound as Late Winter Cold Snap Revives Demand

Storage and Withdrawal Outlook

While inventories remain 4% above the five-year average, the recent 242 Bcf withdrawal has significantly narrowed the surplus. Traders are now pricing in a tighter balance for the remainder of the winter heating season.

LNG Export Records

Feedgas flows to US LNG export terminals have reached a record 17.5 Bcf/d as European buyers secure cargoes for their own late-winter needs. This structural pull ensures natural gas will likely avoid the sub-$2 range seen in 2025.