Arctic blast threatens U.S. natural gas production, sparking price surge and winter energy concerns A coast-to-coast winter storm is causing freeze-offs—blockages from frozen water in pipelines—slashing U.S. natural gas output by up to 10%, particularly in key shale basins like Haynesville and Marcellus. Natural gas futures at Louisiana’s Henry Hub spiked 59% in a single week (Jan. 23), the steepest weekly increase since 1990, with residential utility bills expected to rise sharply in the coming months. The crisis mirrors the February 2021 Texas freeze, where freeze-offs caused a 45% drop in gas production, leading to mass blackouts and $130 billion in…
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