Natural Gas Prices Plunge On Souring Demand, LNG Exports

Natural gas prices plunged on Monday by more than ten percent as the outlook for demand and LNG exports worsened as multiple Hurricanes caused disruptions in the U.S. Gulf of Mexico. By 11:00 a.m. EDT, natural gas prices had fallen by 11.47% to $1.813 MMBtu. Front-month natural gas futures (NG1) were at $1.829 MMBtu at 10:53 a.m. EDT. Hurricane season in the Gulf has caused numerous disruptions to both natural gas demand and LNG exports, with Tropical Storm Beta the latest threat to the industry, with ships that would carry LNG avoiding the troublesome…