June Nymex natural gas (NGM26) on Wednesday closed down -0.058 (-2.08%).
Nat-gas prices settled lower for a second day on Wednesday on concerns that a decline in US LNG exports will lead to higher US nat-gas inventories. On Wednesday, nat-gas flows to US liquefied natural gas (LNG) export terminals fell to the lowest level in more than three months, leaving more supplies in the domestic market. According to BNEF data, LNG flows to US Gulf coast export terminals fell to 17.7 bcf on Wednesday, the lowest since late January, due to seasonal maintenance. The larger domestic nat-gas supplies could boost US storage levels that are already +7.7% above their five-year average as of April 24.
