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April gas futures tumbled 11.3¢ Friday to $2.430 per million Btu, marking a one-week decline of 57.8¢. But prices may not have much further to fall as analysts contemplate a tightening market. Aside from milder weather forecasts that sent prices plunging from $3/MMBtu a week ago, "the fundamentals in the natural gas market have been relatively unchanged," Gelber & Associates analysts said Friday. As Freeport LNG — offline since an explosion last June — has received permission from federal regulators to ramp to 2 billion cubic feet per day of exports, traders are looking for evidence that producers are following through on plans to drop rigs in response to low prices — something the US Energy Information Administration expects will hold dry gas production near current levels of around 100 Bcf/d.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
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