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UPDATE 1-U.S. natgas price drop trims weekly gains as milder weather predicted

U.S. natural gas futures fell nearly 4% on Friday on the upcoming expiration of the front-month contract and forecasts for less cold weather over the next two weeks, while solid gains earlier in the week still led the market to its biggest weekly gain in three. Front-month gas futures for December delivery fell 28.4 cents, or 3.9%, to settle at $7.024 per million British thermal units, after prices dropped nearly 7% to a session lo

U.S. natgas drops on milder forecasts; still set for best week in four

U.S. natural gas futures slipped nearly 2% on Friday on the coming expiration of the front-month contract and forecasts for less cold weather over the next two weeks than previously expected, while solid gains earlier in the week still set the market on course for its biggest weekly gain in four. Front-month gas futures for December delivery on the NYMEX were down 13.4 cents, or 1.8%, to $7.174 per million British thermal units (mmBtu) at 10:23 a.m. EST (1523 GMT).

Enagas says LNG overcapacity situation in Spain has ended

Spanish gas grid operator Enagas said on Friday the situation of overcapacity at its terminals that had forced it to warn in October that it could reject unloads of liquefied natural gas (LNG) has ended. (Reporting by Inti Landauro, Belen Carreno, editing by Andrei Khalip)

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