US Natgas Prices Ease from Over 16-Week High

2026-06-05 15:21 By Agna Gabriel 1 min. read

US natural gas futures fell about 2% to $3.255/MMBtu, pulling back from a more than 16-week high reached in the previous session.

LNG export demand softened as average gas flows to the nine major US export terminals declined to 16.4 billion cubic feet per day so far in June from 17.1 bcfd in May, largely due to seasonal maintenance at facilities including Golden Pass and Freeport LNG in Texas.

Despite the drop in exports, weather forecasts point to above-normal temperatures through June 20, likely increasing gas consumption for power generation as cooling demand rises.

On the supply side, output in the Lower 48 states averaged 108.8 bcfd so far this month, down from 109.7 bcfd in May.

Analysts noted that mild spring weather allowed inventories to build at a faster pace than usual, although recent production declines likely narrowed the storage surplus to around 5% above normal from roughly 6% a week earlier.

For the week, natural gas prices are down more than 1%.



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US Natgas Prices Ease from Over 16-Week High
US natural gas futures fell about 2% to $3.255/MMBtu, pulling back from a more than 16-week high reached in the previous session. LNG export demand softened as average gas flows to the nine major US export terminals declined to 16.4 billion cubic feet per day so far in June from 17.1 bcfd in May, largely due to seasonal maintenance at facilities including Golden Pass and Freeport LNG in Texas. Despite the drop in exports, weather forecasts point to above-normal temperatures through June 20, likely increasing gas consumption for power generation as cooling demand rises. On the supply side, output in the Lower 48 states averaged 108.8 bcfd so far this month, down from 109.7 bcfd in May. Analysts noted that mild spring weather allowed inventories to build at a faster pace than usual, although recent production declines likely narrowed the storage surplus to around 5% above normal from roughly 6% a week earlier. For the week, natural gas prices are down more than 1%.
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