# Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

> June Nymex natural gas settled 10.7 cents higher at $2.030 on Monday as Freeport LNG restarted its third train and feed gas deliveries rose to about 12.84 Bcf/d. Lower-48 production was estimated near 97.5 Bcf/d, below February highs.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/9862-natural-gas-futures-rally-above-2-on-lng-rebound-supply-slowdown-cash-jumps
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Stronger LNG feed gas demand and supply interruptions in the Permian tighten the domestic gas balance, supporting natural gas prices. The effect on feed ingredients is indirect, mainly through energy and fertilizer costs.

## Read by commodity

- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2024-04-29 | 1 | +18.0% | 3.5 | Freeport LNG's third train restart lifted feed gas demand to about 12.84 Bcf/d while production slipped to about 97.5 Bcf/d, a tighter supply-demand balance that drove the front-month rally above $2 on April 29. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-09-25 | [European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap](https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap.md) | +6.4% | +4.3% |
| NATGAS | 2023-08-28 | [Natural Gas Prices Rise As Supply Risks Persist \| OilPrice.com](https://feedsoft.ai/events/34752-natural-gas-prices-rise-as-supply-risks-persist-oilprice-com.md) | +9.3% | +5.4% |
| NATGAS | 2024-04-29 | [Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot](https://feedsoft.ai/events/30921-natural-gas-futures-rallying-as-freeport-volumes-return-midday-market-snapshot.md) | +25.8% | +57.3% |
| NATGAS | 2022-10-31 | [U.S. natural gas futures jump 10% to two-week high on rising LNG exports - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/39307-u-s-natural-gas-futures-jump-10-to-two-week-high-on-rising-lng-exports-energy.md) | -5.3% | +18.8% |
| NATGAS | 2025-01-22 | [Freeport LNG Restart Hopes, Cooler Forecasts Boost Natural Gas Futures — MidDay Market Snapshot](https://feedsoft.ai/events/26696-freeport-lng-restart-hopes-cooler-forecasts-boost-natural-gas-futures-midday.md) | -15.5% | +36.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-rally-above-2-on-lng-rebound-supply-slowdown-cash-jumps/

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