Natural gas futures shook off early weakness Friday, rallying into the close to climb back above $4.000/MMBtu as traders watched for signs that January forecasts could turn colder.

Line chart showing NGI’s Northeast Regional Key Forward Basis Curves for Algonquin Citygate, Iroquois Zone 2, and Transco Zone 6 NY from December 2025 through January 2028. Forward basis prices in $/MMBtu peak sharply during winter months, with Algonquin Citygate exceeding $10/MMBtu in early 2026 and 2027, while summer months trend near or below $0/MMBtu.

Expand

At A Glance:

January contract rallies above $4Production to rebound as freeze-offs fadeLNG feed gas flows remain subdued