After strains from severe winter weather, the U.S. natural gas sector has been subdued since the weekend cold snap, with both feed gas to the liquefied natural gas (LNG) export terminals and production on the decline, IIR Energy data show.
A cold front descended from Canada last week to bring frigid cold to much of the continental United States. High temperatures in the Chicago metropolitan area struggled to break out of the single digits during the weekend and the Midcontinent Independent System Operator, a regional grid monitor, reported that energy demand levels were well above late-autumn norms.
