US natgas prices drop 5% to fresh 3-1/2-year low on mild forecasts

Traders also noted that gas flows to U.S. liquefied natural gas (LNG) export plants should remain reduced so long as a liquefaction unit at Freeport LNG's facility in Texas stays shut. U.S. energy firm Comstock Resources, a big gas producer, said it would reduce the number of rigs in operation from seven to five due to low gas prices and also suspend its dividend until gas prices improve.