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RAS Laffan LNG Export Complex

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Natural Gas Bears Tighten Grip as Storage Builds and El Niño Risks Mount
FORECASTSJUL 10, 2026
Natural Gas Bears Tighten Grip as Storage Builds and El Niño Risks Mount
Natural gas futures remain under pressure as stronger wind generation, elevated production and storage rebuilding weaken the bullish case. Winter demand expectations are also being challenged by increasingly confident El Niño forecasts that point to milder conditions across key northern demand regions.