US natural gas prices slipped to around $2.94 per MMBtu on Thursday after two consecutive sessions of gains, as traders awaited the latest weekly storage report. Milder weather and subdued demand have allowed energy companies to inject more gas into storage, with analysts expecting inventories to reach 1.4% above normal in the week ended October 30, up from 1.0% in the previous week. Forecasts call for above-average temperatures across much of the country through November 19, likely keeping heating demand subdued over the next few weeks. Meanwhile, LNG export activity has weakened, with average gas flows to the nine major US LNG export terminals falling to 18.1 bcfd so far in November, down from 18.4 bcfd in October. However, declining domestic production helped limit the losses, with output across the Lower 48 states averaging 111.2 bcfd so far this month, down from 113.4 bcfd in October.