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Natural Gas Surges to New Highs as Deep Freeze Peaks

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Published: January 31, 2026

Peak Demand

LDC (Local Distribution Company) nominations for gas are at season highs. The system is under maximum stress, with storage withdrawals expected to be massive.

Production Freeze-Offs

Production remains curtailed by the cold, down approx. 2.5 Bcf/d. This supply loss during a demand peak is the primary driver of the rally.