Natural gas prices fall to 25-month low as key Texas LNG facility looks to restart exports
Natural gas prices were lower on Monday amid forecasts for mild winter weather and a report that a Freeport LNG export hub in Texas asked federal regulators for permission to resume operations.
So far this year, natural gas prices have shed more than 30% and nearly 80% from an all-time high hit in August 2022, after Russia cut off gas flows to Europe and sparked an energy crisis there. Resuming full operations and exports would help bolster prices as more US supplies would likely be shipped overseas.
Meanwhile, forecasts for mild winter weather continued to weigh on natural gas prices as demand for the heating fuel lags.
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