North America gas markets endured a wild week – freezing weather through the middle part of the country simultaneously took out over 20% of gas production and added 20% more demand, sending regional day ahead gas prices on a wild ride with peaks in triple or even quadruple digits. Facing gas and power shortages across Texas, feedgas into LNG and ultimately LNG exports were curtailed from pre-storm levels. But with a warmer new week and the domestic market on a path toward normal, the weather event is proving to be relatively short-lived. Signs are pointing toward recovering LNG exports, but making up lost volumes will take some time. Will the extreme cold that has shocked US LNG supply provide a shock to the global market as volumes do not arrive as planned next month?