US Natural Gas

U.S. natural gas futures fell 1.5% to settle at $2.913/MMBtu despite a 30 Bcf storage injection for the week ending August 28 that landed in line with expectations. The build raised total working gas to 3,214 Bcf, 160 Bcf above the five-year average, reinforcing ample supply amid record production. Traders cited profit-taking and technical selling after the front-month contract failed to sustain a break above the key $3 psychological level. Read →

The EIA reported a 30 Bcf net injection into Lower 48 storage for the week ending August 28, lifting inventories to 3,214 Bcf. Stocks sit 50 Bcf below year-ago levels but 160 Bcf (5.2%) above the five-year average of 3,054 Bcf. Regional builds were strongest in the East (+26 Bcf) and Midwest (+24 Bcf), while the South Central saw a 10 Bcf withdrawal. Read →

U.S. natural gas supply-demand balances held steady in August with record production matching stronger LNG exports and weather-driven demand. Feedgas to LNG plants averaged 17.3 Bcf/d, up 8.4% year-over-year. Storage inventories rose 30 Bcf for the week ending August 28 to 3,214 Bcf, remaining above the five-year average as cross-border pipeline flows showed mixed results with higher exports to Mexico. Read →

The EIA forecasts U.S. natural gas inventories reaching a record 3,985 Bcf by end-October 2026, the highest heading into winter since 2016. Record production and reduced LNG feedgas demand from maintenance drive the outlook, with Henry Hub spot prices expected to average $2.87/MMBtu in Q3 2026 and remain below $3.00/MMBtu until November. Read →

Futures climbed Wednesday toward the $3/MMBtu mark as forecasters raised September heat expectations, supporting power-sector burn. LNG feedgas demand and Middle East supply concerns added bullish momentum. Strong Lower 48 output at record levels capped gains. Read →

Prompt-month futures advanced with hotter September temperature outlooks and LNG export strength. October contract gained 6.5 cents while cash prices mixed, with Waha above $2. Record production remains the key offset to bullish weather and export signals. Read →

Feedgas nominations fell to 17.37 Bcf/d Wednesday, down 892 MMcf/d from Tuesday, led by lower flows at Sabine Pass. The drop followed Tropical Depression Edouard's passage; the Sabine-Neches Waterway reopened without major LNG terminal disruptions. Global LNG exports lagged year-ago levels due to Middle East shortfalls. Read →

EQT launched a non-binding open season for a new 1 Bcf/d pipeline linking Appalachian supply to Midwest, Southeast, and Gulf Coast power markets. The project targets rising gas-fired generation demand. It joins other basin producers expanding acreage amid stronger long-term outlook. Read →

US natural gas futures for October delivery fell 7.4 cents or 2.5% to $2.861 per mmBtu on Tuesday. LSEG reported record Lower 48 output of 111.5 bcfd in August, up from the prior high of 110.7 bcfd in July. LNG feedgas flows rose to 18.3 bcfd so far in September while Freeport LNG feedgas dipped to 1.9 bcfd. Read →

Natural gas futures clawed back most early losses Tuesday as Tropical Storm Edouard approached the Texas-Louisiana LNG corridor. Feedgas nominations at Gulf Coast terminals held near recent levels with the storm's heaviest rains expected west of the export complex and zero threat to production. National LNG demand stayed steady near 19.1 bcfd. Read →

Feedgas nominations Tuesday held near recent levels at Gulf Coast LNG terminals as Tropical Storm Edouard made landfall near the Texas/Louisiana border. Forecasters put the storm's heaviest rains west of the export complex and its threat to production at zero. Golden Pass trimmed 109 MMcf/d while other terminals showed resilience. Read →

US LNG output rose sharply this year with feedgas topping 19 bcf/d. Benchmark Henry Hub prices have barely budged despite the export surge. Production hovers near record levels, keeping the market well supplied. Read →

Energy Transfer’s Hugh Brinson pipeline begins moving up to 2.2 bcfd of Permian gas starting Sept. 1, easing takeaway constraints. Lower-48 dry gas production runs near 113 bcfd, up 4.5% year-over-year. The added capacity pressures prices despite ongoing heat-driven power demand. Read →

Record heat across the southern U.S. lifts power-sector demand, with Lower-48 gas demand hitting 78.4 bcfd. LNG feedgas reached 19.6 bcfd as Freeport LNG returned from maintenance. October futures rose more than 1% intraday despite record production near 115 bcfd. Read →

June 2026 dry natural gas production hit a record 112.33 bcfd, up 4.5% from June 2025 and the highest monthly level since 1973. Net exports reached a June record of 19.9 bcfd. Consumption averaged 81.1 bcfd with net exports 3.6 times imports. Read →

Prices held around $2.9/MMBtu after the 15 Bcf injection came in light of forecasts and the five-year norm. Record August production of 111.4 bcfd and warmer weather through early September keep cooling demand elevated while LNG feedgas shows recovery signs. Strong output continues to cap sharper gains despite the supportive fundamentals. Read →

Feedgas deliveries to US LNG plants reached 18.5 bcfd on Thursday, the highest since late April, led by restarts at Cheniere’s Corpus Christi and Freeport LNG after maintenance. Corpus Christi returned to full operations and Freeport confirmed completion of major work. The rebound boosts Gulf Coast demand for the world’s top LNG exporter. Read →

October natgas futures fell 0.9% to $2.888/MMBtu on Friday as traders took profits following a three-week rally, though the contract posted a 4.2% weekly gain. Warmer-than-normal temperatures through mid-September and recovering LNG demand at Texas facilities provided support. LSEG data showed Lower 48 output averaging a record 111.4 bcfd in August. Read →

EIA reported a 15 Bcf injection for the week ended Aug. 21, the smallest of the season and below the 33 Bcf five-year average and 21 Bcf analyst consensus. Stocks rose to 3,184 Bcf, trimming the surplus over the five-year average to 167 Bcf from 185 Bcf prior week. The lean print plus heat and recovering LNG demand drove NYMEX September settlement up 2.3% to $2.907/MMBtu. Read →

EIA data showed a 15 Bcf build shy of expectations, prompting an early futures rally that later eased on profit taking. The print reflects tighter summer balances from heat-driven power burn and rising LNG feedgas. Inventories sit 5.5% above the five-year average but the surplus narrowed meaningfully. Read →

Sempra Infrastructure began federal pre-filing for four new liquefaction trains at Port Arthur LNG targeting 27 Mt/y additional capacity. The brownfield project on existing land could start up in the mid-2030s, pushing total site exports beyond 50 Mt/y. It underscores ongoing Gulf Coast LNG buildout pulling future feedgas demand. Read →

NYMEX front-month gas rose 1.8% to $2.893/MMBtu on warmer weather outlooks through early September and signs of recovering LNG feedgas. Cheniere’s Corpus Christi plant showed higher nominations post-maintenance. Market eyed the EIA report for confirmation of tighter balances amid record August production near 111.4 Bcf/d. Read →

US natural gas futures gained on persistent hot weather into early September that sustains power-sector demand. LNG feedgas flows picked up, adding support. The September contract settled up 2.6% at $2.842/MMBtu, its highest level in a month. Read →

Preliminary data show US LNG exports slipped to 10.48 million metric tons in July from 10.6 million tons in June due to maintenance and seasonal factors. Europe took nearly half the volumes at 4.76 million tons, up from prior month. Asia absorbed 3.32 million tons. Read →

US natural gas prices rose as forecasts turned hotter over the weekend, boosting expectations for power-sector cooling demand. The month is on track to be the hottest August on record by population-weighted measures. Production dipped, notably in Appalachia where short-term prices turned uneconomic, supporting the move higher. Read →

NGI projects a 23 Bcf injection into US storage for the week ended Aug 21, up 7 Bcf week-over-week and above last year's 17 Bcf. Power burn eased slightly to 51.9 Bcf/d while dry production rose to 112.4 Bcf/d. US rig and frac counts both fell last week, the first simultaneous drop since April, signaling potential future supply constraints. Read →

Front-month NYMEX natural gas futures climbed to a near four-week high supported by hotter weather forecasts and firmer oil prices. Investors awaited the EIA weekly storage report due later in the week. Lower-48 output averaged 111.5 Bcf/d so far in August, above July's record, while LNG feedgas flows held near 17.2 Bcf/d. Read →

Natural gas futures fell amid strong Lower-48 production averaging around 110-111 Bcf/d and inventories remaining well above the five-year average. LNG export flows stayed softer near 17 Bcf/d. Ample supply capped gains despite periodic heat-driven demand support. Read →

Cheniere Energy's Corpus Christi LNG plant in Texas is undergoing planned maintenance, with feedgas intake at about 1.8 bcfd versus a typical 2.6 bcfd. Total US LNG plant feedgas flows reached 16.7 bcfd on Monday, below the nearly 18 bcfd nameplate capacity. The reduction reduces near-term US LNG export demand, adding to supply available for domestic use amid record production. Read →

NYMEX natural gas futures rose 1.7% to $2.821/MMBtu in early trading on expectations of at least two more weeks of extreme heat across the southern US boosting power-sector demand. Weather models show bullish signals for the next 10 days before turning closer to seasonal. The front-month contract gained despite ample inventories and strong production. Read →

Uniper has filled around 70% of its contracted natural gas storage capacity in Europe. The company noted limited economic incentives from summer wholesale prices amid challenges from the Iran conflict. European storage sits at 62%, increasing reliance on mild winter weather and LNG imports. Read →

U.S. LNG producers exported over 73 million tons from January through July 2026, up 23% from the same period in 2025 per Kpler data. Geopolitical disruptions including the U.S.-Iran conflict have cut Qatari LNG flows by over 60%, pushing European and Asian forward prices above $21-22/MMBtu for Q4. Elevated prices risk softening near-term buyer demand in Asia and Europe as seasonal cooling eases and renewables displace gas-fired power, though U.S. exporters benefit from prior record volumes. Read →

Working gas in storage reached 3,169 Bcf as of August 14, up 16 Bcf week-over-week and 6.2% above the five-year average. The build came in near consensus expectations of 15 Bcf. Inventories sit 28 Bcf below year-ago levels as strong production offsets summer demand. Read →

NGI reports Appalachian producers face rising likelihood of production curtailments this fall. Regional storage has refilled rapidly while forward prices hover near $1.70/MMBtu. This matters because excess local supply without adequate takeaway or demand pressure forces output cuts, weighing on regional and national balances. Read →

AGA notes Lower 48 dry gas production on track for a new 2026 record near 111.2 Bcf/d, driven by Permian associated gas and Haynesville gains. EIA cut its 2026 Henry Hub forecast to $3.44/MMBtu. Persistent heat in the South supports some power demand but overall balances remain loose heading into shoulder season. Read →

EIA reported a 16 Bcf storage injection for the week ending Aug. 14, bringing inventories to 3,169 Bcf, 6.2% above five-year average. Lower-48 production reached 112 Bcf/d with Permian associated gas continuing to flow. LNG feedgas and power burn lag the supply surge, keeping prompt prices suppressed near $2.70-2.80. Read →

September NYMEX contract closed down 2.88% at $2.733 after cooler temperature forecasts reduced expected power-burn demand. EIA storage data and ample supply reinforced the move. The shift highlights how quickly weather-driven demand support can fade as summer peaks pass. Read →

US natural gas prices climbed above $2.80/MMBtu, their highest level since July 24. Hotter short-term outlooks, including Houston averaging 100°F from Aug. 20-23, drove the move by boosting cooling demand and power-sector gas burn. Abundant Lower 48 production near 111.5 Bcf/d and storage surpluses capped further gains. Read →

September futures surged past $2.80/MMBtu early Wednesday. Hotter overnight weather trends and a modest production decline strengthened the near-term setup ahead of the EIA storage report. Traders focused on resilient mid-August cooling demand. Read →

Front-month NYMEX natural gas for September delivery rose 3.80 cents, or 1.37%, to settle at $2.8140/MMBtu. The contract posted its largest two-day gain since Aug. 10 and its highest settlement since July 24. Gains came amid hotter weather outlooks despite record production levels. Read →

Intense, prolonged heat in Texas drove higher air-conditioning use and electricity demand, pressuring gas-fired power plants. US natural gas futures rose on the increased power-sector burn. The move came amid record Lower-48 production that capped broader price gains. Read →

Weather models added heat to the near-term forecast, supporting prices while LNG feedgas flows recovered. Futures settled up 3.2% at $2.776 per mmBtu. High production and storage overhang kept the market range-bound despite the demand lift. Read →

New pipelines from the Permian Basin increased flows to Henry Hub, keeping benchmark prices low despite summer heat. Spot prices at Henry Hub hovered near $2.68 per mmBtu. Waha hub prices rose from negative levels to about $2 as more gas egress opened. Read →

Natural gas futures fell early Monday as a modest cooler shift in weekend weather data offset another hot 15-day forecast. Traders focused on ample supplies limiting any tightening from late-summer heat. The move highlights how strong production and storage keep pressure on prompt prices despite cooling demand expectations. Read →

Permian Basin Waha prices averaged just over $2/MMBtu so far in August after rising from $1.64 in July thanks to new pipeline projects adding takeaway. The expansion connects more supply to demand including Gulf Coast LNG. Quality constraints could emerge next as volumes grow. Read →

The Prince Rupert Gas Transmission project awarded its first onshore construction contract advancing the feedgas pipeline for the proposed Ksi Lisims LNG terminal in British Columbia. This step supports potential new Canadian LNG export capacity. US producers watch for any cross-border flow impacts. Read →

Western Midstream took a 7.5% stake in the Solitude Pipeline System JV that reached FID for two 48-inch lines from Permian Basin to Katy Texas. Initial capacity of 2.25 Bcf/d starts late 2029 with expansion potential supporting LNG exports and Gulf Coast demand. The move provides WES firm capacity for Delaware Basin residue takeaway. Read →

The EIA reported a 36 Bcf net injection into US natural gas storage for the week ended August 7, exceeding many market estimates. This larger-than-expected build reinforced bearish sentiment, pushing September NYMEX futures lower through midday Thursday. Ample inventories amid strong supply keep pressure on prices despite summer demand. Read →

DeLa Express withdrew its proposed 2 Bcf/d Permian Basin natural gas pipeline from federal FERC review. The project is now recast as a Texas-only intrastate system aimed at 2030 startup. This shift targets Permian residue gas takeaway within Texas without interstate jurisdiction. Read →

US natural gas prices dropped around 3% to $2.65 per MMBtu, near three-month lows. Record Lower 48 production averaging 111.3 bcfd and a 36 Bcf storage injection above expectations added to downward pressure. LNG feedgas flows also eased slightly this month, increasing domestic supply availability. Read →

The EIA reported a 36 Bcf net injection for the week ended Aug. 7, matching NGI’s forecast but exceeding many market estimates and the five-year average. Working gas in storage reached 3,153 Bcf, 198 Bcf above the five-year average. The larger-than-expected build reinforced bearish pressure on futures amid robust supply. Read →

Futures floundered after the EIA’s 36 Bcf injection print proved bearish relative to historical norms and expectations. Strong production and ample inventories outweighed hot weather support for power demand. The report extended the storage surplus despite ongoing summer cooling needs. Read →

Golden Pass LNG has walked back an average 36% of first-cycle nominations since July 30 during commissioning. Intraday cuts reached as high as 43%. Unreliable early demand signals from the Southeast Texas terminal complicate feedgas forecasts for the broader US natural gas market. Read →

Moss Lake Partners withdrew the proposed interstate DeLa Express pipeline from FERC review and will reconfigure it as a Texas intrastate system targeting 2030 startup. The move follows shipper feedback and a crowded Permian takeaway landscape. It reduces planned long-haul capacity from the basin to Gulf Coast markets. Read →

EIA lowered its 3Q26 Henry Hub spot price forecast by 50 cents to $2.87/MMBtu. Record production and Freeport LNG maintenance are building the largest storage cushion heading into winter in a decade, with inventories seen at 3,985 Bcf by end-October. Lower prices expected to hold below $3 until November. Read →

EIA forecasts Lower 48 marketed production averaging 122.5 Bcf/d in 2026, up from 118.5 Bcf/d in 2025. Permian output rises to 29.2 Bcf/d and Haynesville to a 9% gain, driven by associated gas and Henry Hub prices. Henry Hub spot price expected to average $3.44/MMBtu for the year. Read →

August power burn exceeded every week of July despite record heat. LNG feedgas flows remain uneven amid maintenance, muting the impact of strong cooling demand. September NYMEX futures slipped modestly to around $2.75/MMBtu. Read →

Cheniere published its 2025 report celebrating 10 years since the first US Lower 48 LNG cargo. The milestone underscores sustained export growth from Gulf Coast facilities amid global demand. Read →

NYMEX natural gas futures held near $2.794/MMBtu after Monday's advance driven by a hotter near-term weather forecast. Stronger expected consumption and recovering LNG feedgas demand offset rising domestic production. Lingering southern heat should support power-sector burn into August. Read →

Venture Global reported Q2 revenue of $4.58 billion, missing expectations, with adjusted core profit also slightly below estimates. Stronger volumes from Plaquemines were offset by lower prices at Calcasieu Pass and higher costs. The company raised its full-year 2026 core profit guidance for the second straight quarter. Read →

Phillips 66, Kinder Morgan and HF Sinclair finalized a joint venture and made final investment decision on the $5 billion Western Gateway refined products pipeline system. The project will move Midwest and Gulf Coast supplies to Arizona and California markets with a 2029 target in-service. It strengthens long-term fuel supply reliability and flexibility in the West. Read →

Venture Global exported 127 LNG cargos and sold 466.4 TBtu in Q2 2026, up 42% year-over-year, with revenue rising 48% to $4.6 billion. Plaquemines commissioning progress drove higher volumes while the company raised 2026 Adjusted EBITDA guidance to $8.7, 9.1 billion. It also executed new offtake agreements and refinanced debt for cost savings. Read →

Record natural gas short positioning met the summer's biggest weekend jump in forecast demand Monday, igniting a double-digit rally in futures after five straight weekly losses. September contract broke above a monthlong technical barrier, putting $3.00/MMBtu in view. Hotter weather outlooks and rising power-sector demand drove the rebound. Read →

US natural gas futures rose by the most in more than two months as an unusually large swing in weather forecasts triggered short-covering by money managers. Speculators had built the most bearish net short positions since 2020. The move lifted prices to a two-week high. Read →

US natural gas futures climbed about 4% to a one-week high on Monday. Daily flows to LNG export plants rose to a one-month high. Speculators boosted net short positions to the highest since February 2024 per CFTC data, setting up the rally. Read →

Natural gas futures recovered Friday after a storage-driven decline. Stronger LNG feedgas flows and elevated power-sector demand provided support, even as cooler weather forecasts and ample inventories limited upside. The move highlights LNG export pull and summer power burn as key near-term drivers. Read →

US natural gas prices rose to 2.75 USD/MMBtu, up 3.40% on the day. Recent EIA data showed a 33 Bcf storage injection for the week ended July 31, above the 23 Bcf five-year average, with production near record highs around 110.6 Bcf/d. LNG feedgas flows averaged 16.9 Bcf/d so far in August, down from July, though weather-driven power demand offers support. Read →

Working gas in storage reached 3,117 Bcf after a 33 Bcf net injection. This exceeded the five-year average of 23 Bcf and last year’s 13 Bcf. Inventories stand 6.7% above the five-year seasonal average, underscoring robust supply amid high production. Read →