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- Natural gas prices declined to a 25-month low on Monday, falling as much as 5%.
- The fall came despite news that a key LNG export hub in Texas looks to restart operations.
- Prices have fallen by more than 30% from the start of the year amid mild winter weather.
Natural gas prices were lower on Monday amid forecasts for mild winter weather and a report that a Freeport LNG export hub in Texas asked federal regulators for permission to resume operations.
Prices dropped as much as 5% then pared losses to trade down 3.3% at $2.43 per million British thermal units, nearing the lowest level since December 2020.