# Containment Risk Drives Natural Gas Forwards Lower; EIA Data Sends October Plunging to $2.00

> Natural gas forward prices fell during September 10-16 as cooling weather, rising storage and the lingering shutdown of the Cameron LNG export terminal after Hurricane Laura weighed on the market. October futures lost about 7 cents on average and November about 14 cents.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6762-containment-risk-drives-natural-gas-forwards-lower-eia-data-sends-october
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Reduced LNG export demand and a looser storage position push gas prices lower, which reduces energy and fertilizer input costs over the coming months. The price effect on feed commodities is indirect.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-09-21 | [October Natural Gas Futures Drop amid LNG Setback, Storms and Cooler Temps](https://feedsoft.ai/events/6763-october-natural-gas-futures-drop-amid-lng-setback-storms-and-cooler-temps.md) | +12.8% | +36.9% |
| NATGAS | 2023-01-04 | [Natural Gas Prices Are Plunging On a Warmer Start to Winter - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/9188-natural-gas-prices-are-plunging-on-a-warmer-start-to-winter-energy-news-top.md) | -8.8% | -32.9% |
| NATGAS | 2020-02-06 | [U.S. Natural Gas Prices Dip To Four-Year Lows](https://feedsoft.ai/events/54773-u-s-natural-gas-prices-dip-to-four-year-lows.md) | +0.1% | -2.4% |
| NATGAS | 2026-01-08 | [Natural Gas Forward Prices Slump as Mother Nature Fails to Impress](https://feedsoft.ai/events/8587-natural-gas-forward-prices-slump-as-mother-nature-fails-to-impress.md) | -5.5% | +30.2% |
| NATGAS | 2022-02-10 | [Natural Gas Edges Lower on Warm Weather Forecast \| FXEmpire](https://feedsoft.ai/events/8464-natural-gas-edges-lower-on-warm-weather-forecast-fxempire.md) | +11.8% | +14.0% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/containment-risk-drives-natural-gas-forwards-lower-eia-data-sends-october-plunging-to-200/

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