# CIO sees a risk that natural gas prices could come under pressure | UBS Global

> UBS notes cold weather lifted US natural gas to its highest level since late 2022, with freeze-offs and the Freeport LNG shutdown disrupting supply. UBS expects end-March storage near 1.7-1.8 tcf, slightly below the five-year average, and sees near-term price pressure from milder February forecasts. It raised its September and December price forecasts by $0.20/MMBtu on rising LNG exports.

- Date: 2025-01-23 · published 2025-01-23T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6350-cio-sees-a-risk-that-natural-gas-prices-could-come-under-pressure-ubs-global
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher gas prices across tenors encourage switching from gas to coal in power generation, which can affect energy and processing costs for feed producers. Tighter storage and rising LNG exports support firmer gas prices later in the year.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-08-29 | [U.S. natural gas sees bumpy trade in Harvey's aftermath By Investing.com](https://feedsoft.ai/events/69632-u-s-natural-gas-sees-bumpy-trade-in-harvey-s-aftermath-by-investing-com.md) | +1.2% | +0.1% |
| NATGAS | 2019-01-17 | [Extreme Volatility In U.S. Natural Gas Market Is Here To Stay \| OilPrice.com](https://feedsoft.ai/events/61279-extreme-volatility-in-u-s-natural-gas-market-is-here-to-stay-oilprice-com.md) | -10.5% | -25.5% |
| NATGAS | 2025-09-30 | [Natural Gas Prices Hit Two-Month High Despite Warmer Weather - Finimize](https://feedsoft.ai/events/23060-natural-gas-prices-hit-two-month-high-despite-warmer-weather-finimize.md) | +7.9% | +8.9% |
| NATGAS | 2020-08-06 | [US natural gas holds near seven months high - Markets - Business Recorder](https://feedsoft.ai/events/10743-us-natural-gas-holds-near-seven-months-high-markets-business-recorder.md) | -5.0% | +4.6% |
| NATGAS | 2025-01-22 | [Daily Natural Gas Market Update  1-22-25](https://feedsoft.ai/events/6345-daily-natural-gas-market-update-1-22-25.md) | -15.5% | +36.1% |

## Sources

- ubs.com: https://www.ubs.com/global/en/wealthmanagement/insights/marketnews/article.1836543.html

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