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US natural-gas futures for July delivery fell more than 16% to settle at $7.189/MMBtu on June 14, 2022, after a Texas LNG facility said a fire would keep it offline until late 2022. Deliveries through February also dropped at least 10%.
Lost LNG export capacity cuts demand for US gas and reduces winter shortage concerns, which pushes the forward curve lower.
wsj.comRyan DezemberJun 14, 2022After 29 past bearish logistics events, NATGAS moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
Freeport LNG outage extending to late 2022 removed export demand for US gas, driving July futures down over 16% on June 14, the main driver of the 5-day decline.
