-- US natural gas futures were down on Tuesday ahead of the second round of peace negotiations between the US and Iran in Pakistan, as the two-week ceasefire is set to expire.
The front-month Henry Hub contract and the continuous benchmark both dropped 0.21% to $2.82 per million British thermal units.
US Vice President JD Vance is headed to Islamabad, Pakistan, leading the US delegation during the second round of negotiations with Iran on Tuesday.
Iran's Supreme Leader, Mojtaba Khamenei, has also authorized the country's top negotiators to participate in the talks, after initially being reluctant, according to a report by Axios.
The markets remain optimistic about a favorable outcome from the second round of negotiations, after US President Donald Trump said it was "highly unlikely" that the ceasefire, set to expire on Wednesday, would be extended during an interview with Bloomberg on Monday.
Meanwhile, the Golden Pass LNG export facility in Texas received its first tanker on Monday, adding to the country's LNG export capacity, which had been operating at full capacity for the past several weeks.
Weather forecasts continued to turn bullish, with large parts of the Central and Eastern US expected to see below-normal temperatures from April 28 to May 4, according to the National Weather Service.