
Startup of the Golden Pass LNG export project has been pushed to at least the second half of 2025 because of construction delays. Venture Global's Plaquemines LNG is also awaiting FERC approval and may start later than expected.
Analysts say these delays limit new domestic gas demand from LNG exports.
Delayed LNG capacity means less feed gas demand from export terminals, which keeps US natural gas prices under pressure. Lower gas prices reduce costs for nitrogen fertilizer and ethanol-related inputs.
After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.