April gas futures moved 2% higher Monday to close in the mid-$2.80s per million Btu despite milder weather conditions.

摘要

Concern about refilling the more than 32% storage deficit to the five-year average may be setting in as demand outpaces supply. "Since late October production growth has been flat while demand has grown," Gelber & Associates analyst Kent Bayazitoglu said. "Most of the demand growth comes from the startup of multiple liquefaction trains, which is pushing LNG exports to over 5.5 Bcf per day. Other sources of growth include pipeline exports to Mexico and ongoing growth from the industrial and power sectors."