El Niño Signals Mild Winter as Gas Volatility Persists
A mild 2026/27 winter in the Lower 48 driven by a strong El Niño is expected, though extreme cold and rising LNG exports could still drive natural gas price volatility.
A mild 2026/27 winter season in the Lower 48 is looking increasingly likely due to a historically strong El Niño, according to NGINaturalGas. However, market analysts point out that the seasonal pattern does not guarantee insulation against price swings.
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Despite warmer temperature projections, extreme cold weather events and rising liquefied natural gas (LNG) exports remain key factors that could stoke natural gas price volatility moving forward.
Key facts
- A mild 2026/27 winter in the Lower 48 is increasingly likely due to a historically strong El Niño.
- Extreme cold events and rising LNG exports could still stoke natural gas price volatility.
- The phenomenon serves as no guarantee against severe price fluctuations in the energy markets.
Source: naturalgasintel.com
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