US Natural Gas Futures Slide on Lower Flows to LNG Export Plants

US natural gas futures declined as domestic supplies to liquefied natural gas export terminals along the US Gulf Coast dropped for a third consecutive day.

The reduction in gas flows is concentrated at Sabine Pass LNG in Louisiana and Corpus Christi LNG in Texas, leaving more supplies in the US ahead of an expected increase in gas-fired power demand due to summer temperatures.

Domestic stockpiles are already more than 6% above the five-year average.

Eli Rubin, senior energy analyst at EBW Analytics Group, suggested that pipeline maintenance may be limited to the short term, which could allow intake to rebound and potentially constrain LNG-related losses.