Natural gas prices have recently declined, influenced by improving weather and concerns over a global trade war impacting economic activity. Prices rose 2% to $2.967 per million British thermal units, but analysts at UBS noted the drop was surprising, attributing it to recession fears and increased production in the Northeast.Despite the current low prices potentially curbing investment and production growth, UBS sees long-term value in contracts for summer 2026, anticipating prices will exceed $4 per MMBtu due to rising U.S. LNG exports, which recently reached a record of 16.7 billion cubic feet per day. The Golden Pass LNG export terminal is expected to further boost exports by the end of 2025.