US Natural Gas

US natural gas futures for November delivery held near $3.02/MMBtu on Thursday as traders awaited the EIA storage report. Analysts expected a 64 Bcf injection for the week ended Sept. 25, above the 56 Bcf year-ago build but below the 80 Bcf five-year average. LNG feedgas flows averaged 17.9 Bcf/d in September, up from 17.2 Bcf/d in August. Read →

The EIA reported a 64 Bcf storage build for the week ended Sept. 25, lifting Lower 48 working gas to 3,415 Bcf. Inventories sit 138 Bcf below year-ago levels but 79 Bcf above the five-year average. The build supports a balanced physical market heading into fall with production and LNG demand both elevated. Read →

Trinity Gas Storage brought its 13 Bcf Phase II expansion online in East Texas, raising working gas capacity to 37 Bcf. Power and data-center demand around the facility has quickly absorbed the added capacity. Peak withdrawals from the site now reach about 1 Bcf/d. Read →

NYMEX November futures climbed 6.7 cents or 2% to $3.391/MMBtu amid average LNG feedgas flows rising to 16.2 bcfd so far in October, up from 15.7 bcfd in September. Flows to Venture Global’s Plaquemines plant hit a record 3.6 bcfd on Sunday. LSEG data showed Lower 48 output easing to 106.5 bcfd in early October while storage sits about 5% above normal. Read →

November futures fell 0.9 cents or 0.3% to $3.002/MMBtu on forecasts for steady demand through mid-October despite Mountaineer XPress returning to service. LNG feedgas averaged 17.9 bcfd in September, up from 17.2 bcfd in August, even with Cove Point maintenance. LSEG sees demand rising to 105.3 bcfd next week as weather turns cooler. Read →

Henry Hub spot and front-month futures settled around $2.96, $2.97/MMBtu on October 1, down roughly 2% on the day. The move follows mixed storage expectations and ample production near 112 bcfd in September. LNG exports remain the key demand support amid seasonal shoulder-period weakness. Read →

Prices dropped to $2.96/MMBtu on October 1, down over 2% from the prior close. Mild weather forecasts through mid-October limit power-burn upside while output stays elevated. September LNG feedgas rose to 17.9 bcfd, providing the main counterbalance to seasonal softening. Read →

November Henry Hub futures traded at $3.05/MMBtu, down 1.82% and marking a third straight decline after the Mountaineer XPress force majeure was lifted Sunday following a three-day outage. Storage stood at 3,351 Bcf after a 53 Bcf injection, 2.9% above the five-year average; LNG feedgas averaged 18.0 bcfd in September versus 17.3 bcfd in August despite Cove Point maintenance. Production near 112.5 bcfd but declining in West Virginia and Texas as the storage surplus narrows. Read →

US natural gas prices fell for a second session to $3.10/MMBtu on Monday awaiting updates on the Mountaineer XPress pipeline outage. TC Energy’s Columbia Gas Transmission reported crews working to resolve the mechanical issue that disrupted 1.4-1.8 bcfd; LNG feedgas averaged 17.9 bcfd in September, up from 17.2 bcfd in August. Hot weather is drawing down the storage surplus built from strong production and mild spring conditions while daily output declines in West Virginia and Texas. Read →

US natural gas futures slid 2% on Tuesday to $3.043/MMBtu for November delivery on forecasts for less demand this week and expectations that output will rise after the Mountaineer XPress pipeline returned to service. LSEG data showed Lower 48 output easing to 112.2 bcfd monthly average but averaging only 109.4 bcfd over the past week; meteorologists forecast near-normal temperatures through October 14, limiting heating and cooling demand. Read →

TC Energy’s Columbia Gas lifted the force majeure on the Mountaineer XPress pipeline Sunday after a mechanical issue was resolved, restoring flows from the Marcellus/Utica region. October futures on NYMEX fell 10.1 cents or 3.2% to $3.095/MMBtu on the last day as the front month. Spot prices in the Northeast dropped below $1/MMBtu, the lowest since 2020-2023, amid a powerful nor’easter storm slashing weekend demand. Read →

US working gas storage reached 3,351 Bcf after a 53 Bcf injection for the week ended Sep 18, leaving the surplus over the five-year average at 95 Bcf, down from 118 Bcf. LNG feedgas flows averaged a record 17.8 Bcf/d in September, up from 17.2 Bcf/d in August. September Lower 48 output averaged near-record 112.8 Bcf/d even as daily production has declined recently. Read →

US natural gas trades around $3.12/MMBtu after the recent contract rollover and resolution of the Mountaineer Xpress outage. Record September production near 112.5 Bcf/d and EIA forecasts for end-October storage at 3,985 Bcf (5% above average) weigh on prices. LNG export flows reached 19.0 Bcf/d Monday despite Cove Point maintenance, providing counter-support. Read →

Energy firms added 53 Bcf to US storage in the week ended Sep 18, below the 76 Bcf five-year average and prior-year 77 Bcf amid hot weather. Lower 48 output fell toward an 11-week low of 108.4 bcfd with drops in Louisiana and West Virginia. LNG feedgas averaged 17.8 bcfd in September, up from 17.2 bcfd in August despite Cove Point maintenance; the tighter balance pushed prices to $3.20/MMBtu, the highest since July 8. Read →

An unplanned outage on TC Energy’s Columbia Gas Transmission Mountaineer XPress pipeline in West Virginia cut up to 1.8 bcfd of Appalachian flows after a leak at the Saunders Creek Regulator Station. The EIA’s 53 Bcf storage build confirmed a tightening physical balance. October futures jumped 9.1% to $3.297/MMBtu on Thursday, the biggest one-day gain in months. Read →

Columbia Gas Transmission said crews expect to fix the Mountaineer XPress leak over the weekend, limiting the production impact to about 1.4 bcfd rather than the full 1.8 bcfd initially feared. October futures gave back 10.1 cents to close at $3.196/MMBtu after Thursday’s surge. The episode highlighted short-term Appalachian takeaway vulnerability amid already slowing storage injections. Read →

Working gas inventories rose 53 Bcf in the week ended Sep 18 to 3,351 Bcf, leaving the surplus over the five-year average at 95 Bcf, down from 118 Bcf the prior week. Hot weather supported cooling demand while production slipped and LNG flows held firm near 17.8 bcfd. The lighter-than-normal injection reinforced expectations for a tighter balance heading into fall. Read →

Front-month October NYMEX futures rose 7.6 cents to $3.041/MMBtu, the highest close since July 8. LSEG data showed daily Lower 48 output falling toward an 11-week low of 109.8 bcfd from September averages near 112.9 bcfd, mainly in Louisiana and Pennsylvania, while flows to nine major LNG plants averaged 18.0 bcfd so far in September despite Cove Point maintenance. The moves reflect tightening near-term supply amid forecasts for cooler weather boosting heating demand. Read →

EIA reported a 53 Bcf build for the week ended Sept. 18, well below the five-year average of 76 Bcf, shrinking the storage surplus to 2.9% above normal from 3.7%. Combined with lighter production and hints of heating demand, the lean print propelled October futures to their highest levels since July amid short-covering. Read →

TC Energy declared force majeure on its Mountaineer XPress system due to a mechanical issue on Line 100 in West Virginia, cutting the MXPSEG MA42 constraint to zero and affecting 1.8 MMDth/d of firm service starting Sept. 25. The 2.7 Bcf/d Appalachian takeaway line disruption triggered the largest single-day futures gain since January as supply tightened. Read →

US natural gas prices eased to around $3.17 per MMBtu on Friday as traders booked profits following the prior session's surge to a 13-week high. The rally had been fueled by the TC Energy Columbia Gas Transmission force majeure in Appalachia and the below-average EIA storage build, with LNG feedgas demand remaining supportive at 17.8 bcfd average flows in September. Read →

Front-month futures added to Tuesday’s surge Wednesday, breaching $3 on production falling below 109 Bcf/d, bargain hunting and short covering ahead of the EIA storage report. The weakest power burn since Labor Day was outweighed by colder overnight forecasts adding heating demand signals. Speculator shorts sit at record levels. Read →

Deliveries to US LNG export terminals hit 18.3 Bcf/d Wednesday per NGI Entropic data, with seven-day average at 18.2 Bcf/d after Cove Point LNG annual maintenance removed 0.85 Bcf/d starting Saturday. September month-to-date averaged 18.7 Bcf/d, up from 17.9 Bcf/d in August. US LNG exports totaled 2.54 Mt in the week ended Sunday. Read →

A dip in production, bargain hunting and short covering powered futures above $3 Wednesday as the market braced for a bullish storage print. Production readings showed output on track for an 11-week low near 109.8 Bcf/d. Traders positioned ahead of Thursday’s EIA report amid signs of tightening balances. Read →

US natural gas futures for October delivery settled at $2.842/MMBtu on Tuesday, up just 0.2% after closing Monday at a one-week low. Lower 48 output averaged 113.0 bcfd so far in September, above August’s record 112.2 bcfd, while LSEG forecasts demand slipping to 104.1 bcfd next week on milder weather through early October. LNG feedgas flows averaged 18.0 bcfd, up from 17.2 bcfd in August but below April’s high, keeping storage surplus near 3% above the five-year average ahead of Thursday’s EIA report. Read →

October futures closed at $2.912/MMBtu, up 0.4% and 3% for the week, as LNG feedgas averaged 18.1 bcfd so far in September versus 17.2 bcfd in August. Output rose to 113.2 bcfd, but hotter weather kept storage surplus shrinking toward 3% above normal for the week ended Sept. 18 ahead of the EIA report. LSEG sees Lower 48 demand including exports at 109.8 bcfd this week before easing. Read →

Cove Point LNG in Maryland entered annual maintenance Saturday, removing roughly 0.85 Bcf/d of feedgas demand from Appalachia. Six regional hubs traded at their lowest levels since November 2024 amid the outage and mild weekend weather. Producers trimmed output as Tetco M-2 spot fell below $1.50/MMBtu. Read →

A sharp cooldown across the eastern US is cutting natural gas demand for power generation as storms threaten Appalachia. Heat persists across Texas and the Gulf Coast. The weather shift coincides with the Cove Point maintenance reducing regional LNG pull. Read →

NGI projects the EIA report for the week ended Sept. 21 will show a 56 Bcf injection, below the 76 Bcf five-year average. Production held flat near 112 Bcf/d while power deliveries slipped 0.3 Bcf/d to 44.0 Bcf/d. The smaller build widens the year-over-year storage deficit ahead of winter. Read →

Henry Hub traded around $2.97/MMBtu on Sept. 21 after recovering from August lows. The latest EIA storage report showed a below-consensus 44 Bcf build for the prior week. Cove Point maintenance is expected to trim feedgas demand by around 0.9 Bcf/d for three weeks. Read →

Front-month NYMEX gas futures rose 9.6 cents or 3.5% to $2.87/MMBtu on Wednesday, their highest since July 24. Support came from forecasts for hotter weather boosting power demand and steady oil prices. Traders await the weekly EIA storage report due this week amid a still-robust inventory surplus. Read →

Washington and Beijing are negotiating to reduce or eliminate China's 15% tariff on US LNG as part of a broader energy and agriculture deal package potentially worth $30 billion in reciprocal cuts. The move comes ahead of Chinese President Xi Jinping's visit to Washington next week. US LNG exports averaged 17.4 bcf/d in the first half of 2026, up 23% from a year earlier. Read →

Power-sector gas demand averaged 46.2 bcf/d Sept. 1-14, up 6.8 bcf/d year-over-year and on track to shatter the prior September record of 40.7 bcf/d. Strong burn stems from lingering summerlike heat in the South. Henry Hub spot prices averaged a subdued $2.85/MMBtu over the period while Southeast cash premiums stayed elevated. Read →

EIA reported a 44 Bcf injection for the week ended Sept. 11, below the 49 Bcf consensus and 74 Bcf five-year average, lifting inventories to 3,298 Bcf (3.7% above average but 122 Bcf below year-ago). Futures rose initially on the tighter-than-expected build but lost momentum later in the session amid strong production and cooling weather forecasts. Read →

Front-month October futures fell 1.5 cents to $2.876/MMBtu as LNG feedgas flows dropped to a three-week low of 17.5 Bcf/d, mainly from maintenance at Sempra’s Cameron LNG in Louisiana. Lower 48 output rose to 113.1 Bcf/d in September while analysts expected a 49 Bcf storage build versus 74 Bcf average. Read →

Working gas rose 44 Bcf to 3,298 Bcf, 122 Bcf below last year and 118 Bcf above the five-year average. East and Midwest led regional builds while South Central saw a 5 Bcf withdrawal; the lean injection reflects late-season heat supporting power burn. Read →

One Cameron LNG train went offline for scheduled maintenance, dropping feedgas from 2 Bcf/d to 1.3 Bcf/d and contributing to a broader dip in US LNG export plant flows. The outage is temporary and will not interrupt customer service. Read →

Natural gas power burn across the Lower 48 started September at its strongest pace on record as summer-like heat lingered over the South. Power burn ran 13% above the five-year average, expanding Henry Hub premiums in the Southeast and pointing to a lighter-than-normal injection in the upcoming EIA storage report. The heat supports near-term demand while the season advances. Read →

Natural gas futures moved up early Wednesday on record-challenging Southern heat and firm demand but faded as LNG feedgas softened and forecasts turned bearish beyond the weekend. October hovered below $3 resistance while Golden Pass LNG feedgas rebounded. Traders await Thursday’s EIA storage report. Read →

Enbridge launched a non-binding open season for its proposed West Texas Express system to move up to 2 bcfd of Permian natural gas to El Paso markets. The project targets rising associated-gas output from the basin amid growing LNG and power demand. It adds to a wave of Permian takeaway expansions planned through 2027. Read →

US natural gas futures for October delivery rose 3.9 cents or 1.3% to $2.935/MMBtu on Tuesday, their highest close since September 4. LSEG data showed Lower 48 output at 113.2 bcfd month-to-date but daily flows dropping toward a two-month low of 108.4 bcfd, while LNG feedgas averaged 18.3 bcfd so far in September. Hotter-than-normal weather through September 30 is keeping power-sector gas burn elevated, narrowing the storage surplus to an estimated 3.6% above normal for the week ended September 11 ahead of Thursday’s EIA report. Read →

Natural gas futures held higher Tuesday as lower production and lingering late-season cooling demand tightened near-term balances. Spot prices strengthened across much of the US with pipeline restrictions supporting Northeast markets. Gains faded along the curve, reflecting the market’s reluctance for a broader bullish shift despite the support from heat and output dips. Read →

On August 28, Cheniere completed its Corpus Christi Liquefaction Stage 3 project, adding the seventh and final train and lifting total nominal capacity to 3.1 Bcf/d (3.9 Bcf/d peak). The facility is now the second-largest US LNG terminal after Sabine Pass. Production has ramped gradually across the midscale trains, boosting overall US export capability and supporting higher LNG feedgas demand. Read →

Front-month October futures rose 5.2 cents or 1.8% to $2.883/MMBtu on Monday. LSEG data showed Lower 48 output on track for a two-week low of 112.8 bcfd while flows to nine major LNG plants averaged 18.3 bcfd so far in September, up from 17.2 bcfd in August. Hotter temperatures are narrowing the storage surplus ahead of Thursday’s EIA report. Read →

Prompt-month futures gained Monday as hotter weekend forecasts pushed September cooling demand close to the all-time record. LNG feedgas remained strong near 19 bcfd while production held near record highs; NGI models a 50 Bcf injection for the week ended Sept. 11 that would still narrow the five-year surplus. Read →

Prices climbed to $2.89/MMBtu supported by Lower 48 output falling to a two-week low of 111.7 bcfd on Friday and LNG facility flows reaching a 20-week high of 18.8 bcfd. Warmer weather is boosting power-sector demand and beginning to trim the 4.8% storage surplus versus the five-year average. Read →

NGI expects a 50 Bcf injection for the week ended Sept. 11, below last year’s build and the five-year average, shrinking the surplus to 124 Bcf. LNG deliveries averaged 19.1 bcfd last week while Lower 48 dry-gas production slipped 0.9 bcfd to 111.9 bcfd; wind and solar output also fell 11% week/week. Read →

Deliveries to US export terminals hit 19.6 Bcf/d on Friday per NGI Entropic Analytics data, up from a recent 18.4 Bcf/d average as Freeport and Corpus Christi recovered from maintenance. The seven-day average reached 19.1 Bcf/d. Stronger LNG pull tightens the domestic balance and supports prices despite ample storage. Read →

Golden Pass Train 1 nominations fell 46% to 277,000 Dth/d in September, far below expectations five months into commissioning. Analysts at Aegis flag delays for Trains 2 and 3. The slow ramp trims winter and early-2027 demand forecasts by several hundred MMcf/d. Read →

Atlantic hurricane season peaked with zero named storms, an ACE index at a 1941-era low. US LNG terminals ran unimpeded and feedgas deliveries exceeded 2025 levels by more than 2 Bcf/d. El Niño conditions further suppressed tropical activity through the peak risk window. Read →

US natural gas futures for October delivery fell 4.5 cents or 1.6% to $2.777/MMBtu on Thursday. Record Lower 48 output reached 113.4 bcfd in September so far per LSEG, while the EIA reported a 40 Bcf injection for the week ended September 4, exceeding the 31 Bcf consensus and leaving stocks 4.8% above the five-year average. The build and supply glut outweighed warmer weather support for power burn and LNG flows near 18.3 bcfd. Read →

The EIA reported a 40 Bcf net injection for the week ended September 4, lifting Lower 48 working gas to 3,254 Bcf. Stocks sit 79 Bcf or 2.4% below year-ago levels and 148 Bcf above the five-year average of 3,106 Bcf. East and Midwest drove most of the build while South Central salts saw a draw; the larger-than-expected print kept futures pressured despite tightening relative to last year. Read →

October NYMEX futures traded around $2.786/MMBtu midday after the 40 Bcf EIA print beat the 31 Bcf expectation. The injection exceeded seasonal norms but reflected continued ample supply from near-record production. LNG feedgas and some production dip provided minor support, yet the overall balance kept prices in retreat amid forecasts for milder fall demand. Read →

Front-month October NYMEX futures fell 7.1 cents or 2.4% to $2.845 per MMBtu. LSEG data showed Lower 48 dry gas output averaging 113.5 bcfd in September so far, up from August's record 112.2 bcfd. Ample storage above the five-year average and lower demand forecasts for this week versus prior outlook weighed on prices despite LNG feedgas flows rising to 18.3 bcfd. Read →

NYMEX natural gas settled down 3.2% at $2.822 per MMBtu. Analysts cited cooler late-September forecasts cutting power-sector demand and ample storage supplies. The market eyes a smaller-than-average storage build in Thursday's EIA report despite LNG demand near April highs. Read →

October NYMEX futures traded at $2.863 per MMBtu, down 1.82%. Lower-48 dry gas production hit 114.3 bcfd last week while LNG feedgas reached a four-month high. Fading cooling demand and forecasts for milder fall weather outweighed export support. Read →

LSEG data shows US Lower 48 gas output averaging 113.7 bcfd so far in September, up from August's record 112.2 bcfd. Front-month October NYMEX futures fell 2.5 cents to $2.95/MMBtu as storage stays above the five-year average. Mild spring weather and high output keep inventories elevated heading into the storage report due Thursday. Read →

NYMEX natural gas settled down 2% at $2.916/MMBtu on Tuesday after probing above $3.00 early. Analysts cite fading cooling demand in the second half of September as the main driver. Strong LNG feedgas demand provides the main counterbalance to bearish weather forecasts. Read →

Fewer hubs priced above Henry Hub in early September amid thinning seasonal basis premiums. NGI projects a 34 Bcf storage injection for the week ended Sept. 4. Persistent Southeast heat and LNG feedgas near highs support near-term prices despite broader supply pressure. Read →

EIA data shows US LNG exports averaged 17.4 bcfd in 1H26, up 23% from 2025 on new capacity at Plaquemines, Corpus Christi Stage 3 and Golden Pass. Exports are forecast to average 17.3 bcfd in 2H26 before rising further in 2027. Capacity additions drive the fastest growth since large-scale US exports began. Read →

US natural gas futures rose about 3% last week to settle at $2.975/MMBtu. Hotter-than-normal weather boosted cooling and power demand while LNG feedgas flows jumped 12% as maintenance ended at several plants. The EIA reported a 30 Bcf storage injection for the week ended Aug 28, below the 37 Bcf five-year average, though record production and inventories above the seasonal norm capped gains. Read →

October futures traded near $2.97/MMBtu on light holiday volume, holding above the 50-day moving average. Hotter mid-September forecasts sustained power-sector demand while LNG feedgas neared 19 Bcf/d. Lower-48 production hit 114.3 Bcf/d and EIA sees record October storage of 3,985 Bcf, the highest in a decade, limiting upside despite supportive near-term factors. Read →

Front-month futures rose to a near four-week high supported by hotter weather forecasts and firm oil prices ahead of the weekly storage report. LSEG data showed Lower 48 output at 111.5 Bcf/d in August and LNG plant flows at 17.2 Bcf/d. Inventories remained above the five-year average despite summer heat. Read →

Futures fell about 4% to a six-week low after expectations of low LNG flows due to Freeport maintenance and a larger-than-expected storage build. EIA reported a 61 Bcf injection for the week ended July 3. LSEG noted Lower 48 output at 109.7 Bcf/d in July with LNG flows at 17.8 Bcf/d. Read →

October natural gas futures rose 6.2 cents to settle at $2.975 per million Btu on Friday after reaching an intraday high of $2.986. The move reflects support from persistent late-summer heat boosting power-sector demand. The contract still faces resistance at the psychologically important $3 level amid ample overall supply. Read →

The EIA reported a 30 Bcf net injection into U.S. natural gas storage for the week ended August 28, lifting total working gas to 3,214 Bcf. Inventories stand 5.2% above the five-year average and 50 Bcf below year-ago levels. The build was in line with expectations and narrowed the surplus versus the five-year norm by about 7 Bcf. Read →

A new heat wave pushed some Gulf Coast natural gas spot prices to levels not seen since last winter. Strong cooling demand from power generators is tightening regional balances. The heat supports higher power-burn consumption into early September. Read →

The latest North American storage report covers U.S. and Canadian inventories for the week ending September 3. Regional data show East and Midwest injections offsetting limited withdrawals elsewhere. Overall U.S. stocks remain comfortably above seasonal averages heading into shoulder season. Read →