Natural Gas Surges Ten Percent as Colder Winter Forecasts Arrive

Winter Demand and Storage Drawdowns

EIA data recently showed a 166 billion cubic feet storage withdrawal, exceeding seasonal averages. With colder weather now priced in for the first two weeks of January, utilities are aggressively buying futures to cover anticipated heating loads, pushing prices back toward the $4.00 mark.

LNG Export Records

Structural demand for US LNG remains at record highs, with feedgas deliveries to export terminals exceeding 18.5 Bcf/d. The combination of high domestic heating needs and continued European demand for US gas is creating a tight supply environment heading into 2026.