US Natgas Prices Extend Weather Rally

2026-01-20 11:29 By Agna Gabriel 1 min. read

US natural gas futures rose more than 25% to $3.9 per MMBtu on Tuesday, the highest level in three weeks, as sharply colder weather forecasts drove a weather led rally.

Forecasts over the weekend already pointed to very cold conditions but shifted on Monday toward much colder scenarios as the polar vortex expanded, allowing Arctic air to spill across much of the Northern Hemisphere.

NOAA’s Climate Prediction Center issued a high priority alert for extreme Arctic cold and potential winter storms affecting the central and eastern US through month end, driven by a well established negative Arctic Oscillation pulling frigid Canadian air deep into the country.

The most severe cold is expected in the final week of January.

Meanwhile, gas production remains elevated and LNG export flows are modestly lower.



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