US Natgas Prices Top $6.6/MMBtu

2026-01-26 14:57 By Agna Gabriel 1 min. read

US natural gas futures climbed to above $6.6 per MMBtu, the highest level since December 2022, bringing gains to more than 90% since last week as extreme cold tightened supply while boosting demand.

Freezing weather knocked out close to 10% of US gas production while sharply lifting heating and power demand.

Average output in the Lower 48 fell to about 106.9 bcfd so far in January from a record 109.7 bcfd in December, with daily production dropping to a two-year low near 92.6 bcfd on Sunday.

Wells in Texas and Louisiana were heavily affected, cutting output by more than 17 bcfd from mid January highs.

The storm also strained power grids and disrupted transport, while gas flows to US LNG export plants fell to the lowest level in a year.

Markets are now focused on how long production disruptions will last, with prolonged outages risking further upside.



News Stream
US Natgas Prices Ease from 3-Month High
US natural gas futures fell to around $3.17 per MMBtu, retreating from a nearly three-month high of $3.29 reached in late May, as traders reassessed supply and demand conditions. Weather forecasts continue to point to mostly above-normal temperatures through June 13, a trend that could boost gas consumption from power generators as air conditioning demand rises. On the supply side, gas production in the Lower 48 states averaged 109.4 billion cubic feet per day in May, slightly below April’s 109.8 bcfd. Meanwhile, flows to major US LNG export facilities declined to 17.1 bcfd from a record 18.8 bcfd in April due to seasonal maintenance work at several plants. Despite the latest pullback, US natural gas prices surged 18.9% in May, following a 4.1% decline in April.
2026-06-01
US Natgas Prices Climb Further
US natural gas futures rose further to $3.37 per MMBtu, the highest level since early February, amid expectations of stronger demand over the next two weeks. Forecasts indicate mostly above-normal temperatures through June 13, increasing the likelihood that power generators will consume more gas to meet rising air-conditioning demand. Additional support came from the latest EIA report, which showed a smaller-than-expected increase in gas storage inventories. On the supply side, gas production in the Lower 48 states averaged 109.4 billion bcfd in May, down from 109.8 bcfd in April, providing further upward pressure on prices. Meanwhile, flows to major LNG export plants dropped to 17.1 bcfd in May from a monthly record high of 18.8 bcfd in April due to seasonal maintenance at several plants. US gas prices rallied 18.9% in May, after a 4.1 % drop in April.
2026-06-01
Natural gas is up by 5.02%
Natural gas increased 5.02% to 3.2505 USD/MMBtu
2026-05-28