09:28 AM EDT, 10/06/2025 (MT Newswires) -- Natural gas moved higher early Monday as forecasts continue to see mild temperatures that offer some late-season cooling demand, while export demand remains solid.

Gas for November delivery was last seen up US$0.05 to $3.368 per million British thermal units.

The price of the fuel is up 9.4% over the past month, rising in what is usually a period of light demand as summer heat wanes and winter demand is awaited. However long-term forecasts from the National Weather Service see most states east of the Rocky Mountains with warmer than seasonal temperatures, with temperatures in the Midwest and Great Lake states expected warmer than usual.

Rising export demand is offering support for natural gas, as new expansions of LNG facilities and the end of the maintenance season boost the call on domestic supply.

"Gas continues to garner solid attention as winter approaches and, while weather for October will be bearish for HDD, fundamentals continue to tighten as supply remains subdued in recent weeks (partially driven by shut-ins in the Northeast) while LNG exports have the potential to reach 18Bcf/d (+5Bcf/d y/y) as Plaquemines fully ramps alongside Cove Point maintenance wrapping up," Tudor, Pickering, Holt analyst Matt Portillo wrote.