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Both physical traders for Thursday natural gas and futures traders got a reprieve Wednesday from two days of double-digit declines as near-term weather trends turned cooler, and overnight weather models showed cooling in the more deferred time frames.

March natural gas is set to open 4 cents lower Thursday morning at $3.13 as weather models retreated from Wednesday's cooler outlook and traders anticipate government storage figures to show low usage for this time of year. Overnight oil markets were mixed.

Port Fourchon, Louisiana's southernmost port and destination for nearly all of the Gulf of Mexico's deepwater oil production, is being considered for an $800 million liquefied natural gas export facility.


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