Traders believe expectations of a cold winter are pushing demand.
Front-month natural gas futures rose 11 cents, or 3.8%, to settle at $3.023/MMBtu. That was their first close over $3 since January 2019 and puts the contract up almost 70% from a recent low.
The first LNG tanker to go to Cameron LNG's export plant in Louisiana since Hurricane Delta was set to arrive on Oct. 20.
The waterway sits on the Texas-Louisiana border and connects the Gulf of Mexico to Cheniere Energy's Sabine Pass LNG export plant and to oil refineries in Port Arthur and Beaumont, Texas.
Front-month natural gas futures rose 14.0 cents, or 5.1%, to settle at $2.881/MMBtu, their highest close since March 2019.
Instead of a 4% reduction for the year, the agency now forecasts a 3% drop.
The last time a major hurricane, Laura, passed close to Cameron and Cheniere's Sabine Pass, both companies evacuated personnel and shut the LNG export facilities before the storm made landfall.