# U.S. natural gas prices drop 8% on contract expiry, Freeport LNG unit outage | Gas Processing & LNG

> U.S. natural gas futures fell about 8% on Jan. 29 as the February contract expired, with the March contract heading toward a nine-month low. Mild weather, lower demand forecasts and an outage at the Freeport LNG export plant in Texas left more gas domestically as output recovered after the freeze.

- Date: 2024-01-01 · published 2024-01-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32293-u-s-natural-gas-prices-drop-8-on-contract-expiry-freeport-lng-unit-outage-gas
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower gas prices reduce energy and nitrogen fertilizer production costs, while the Freeport outage cuts LNG export demand, which keeps domestic supply loose.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- gasprocessingnews.com: https://gasprocessingnews.com/news/2024/01/us-natural-gas-prices-drop-8-on-contract-expiry-freeport-lng-unit-outage/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.