• Hot weather is expected in the next two weeks and the impact on the natural gas storage surplus will be important for prices for the remainder of the year.
  • The natural gas storage surplus relative to the five-year average continues to fall. While the rate has been slower than market expectations, the trend supports rising prices.
  • New England's natural gas transportation basis is unchanged this week and remains lower than levels two weeks ago.
  • European LNG prices have traded in a tight range as European natural gas inventories remain above the five-year average.