# Fading US demand outlook leads NYMEX January gas to nine-month low | S&P Global

> NYMEX January 2023 Henry Hub gas fell below $6/MMBtu to its lowest level since March, settling at $5.58. The decline followed another delay to the restart of Freeport LNG, which has kept about 2 Bcf/d of feedgas demand offline, and milder weather forecasts for early December.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38409-fading-us-demand-outlook-leads-nymex-january-gas-to-nine-month-low-s-and-p
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weaker US gas prices reduce energy and nitrogen fertilizer cost pressure, while the Freeport outage shows how LNG export disruptions can soften domestic gas demand.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-12-07 | 5 | -27.2% | -3.3 | Henry Hub January futures fell to a nine-month low of $5.58 on 5 Dec as the Freeport LNG restart was delayed (keeping ~2 Bcf/d of feedgas demand offline) and milder forecasts cut heating demand, directly explaining the sharp US gas drop in the window. |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/120522-fading-us-demand-outlook-leads-nymex-january-gas-to-nine-month-low

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