Corpus Christi LNG

Natural gas futures are pressing toward the $3.00 area as hotter weather, firm LNG feedgas demand and a tighter storage setup support buyers. Thursday’s EIA report, expected to show a 32 Bcf injection, could decide whether the rally gains traction or runs into renewed production pressure.

October natural gas futures finished higher last week after a spike turned the minor weekly trend upward, but the main trend remains down. Traders are watching whether strong LNG feedgas demand and South Central heat can offset fresh supply pressure as the market struggles to hold the $3.00 area.