US Natgas Prices Edge Up

2026-07-07 02:21 By Judith Sib-at 1 min. read

US natural gas futures edged up to $3.25 per MMBtu, the highest in a week, supported by falling output and rising flows to LNG export plants.

Gas production in the Lower 48 states fell to 109.4 billion cubic feet per day (bcfd) so far in July from 110.0 bcfd in June and was below the record monthly high of 110.6 bcfd reached in December 2025.

At the same time, average gas flows to major LNG export plants rose to 18.1 bcfd so far in July, up from 17.4 bcfd in June, reflecting stronger overseas demand.

Prices also received support from speculation that a recent heatwave drove a surge in gas demand from power generators as they ramped up electricity production to meet increased cooling needs, contributing to withdrawals from domestic storage inventories.

However, the upside may be limited as weather forecasts have shifted to indicate cooler conditions across the eastern half of the US through July 15, potentially reducing cooling demand.



News Stream
US Natgas Prices Edge Up
US natural gas futures edged up to $3.25 per MMBtu, the highest in a week, supported by falling output and rising flows to LNG export plants. Gas production in the Lower 48 states fell to 109.4 billion cubic feet per day (bcfd) so far in July from 110.0 bcfd in June and was below the record monthly high of 110.6 bcfd reached in December 2025. At the same time, average gas flows to major LNG export plants rose to 18.1 bcfd so far in July, up from 17.4 bcfd in June, reflecting stronger overseas demand. Prices also received support from speculation that a recent heatwave drove a surge in gas demand from power generators as they ramped up electricity production to meet increased cooling needs, contributing to withdrawals from domestic storage inventories. However, the upside may be limited as weather forecasts have shifted to indicate cooler conditions across the eastern half of the US through July 15, potentially reducing cooling demand.
2026-07-07
US Natgas Prices Fall after EIA Data
US natural gas futures dropped to around $3.22 per MMbtu, driven by robust domestic supplies, falling oil prices, and shifting weather patterns. According to the Energy Information Administration, energy firms injected a larger-than-expected 87 billion cubic feet of gas into storage for the week ending June 26, keeping total stockpiles roughly 6.2% above historical averages. Looking ahead, meteorologists expect warmer-than-normal temperatures through mid-July. Meanwhile, June production in the Lower 48 states averaged a strong 110 billion cubic feet per day, approaching record highs, while average flows to major liquefied natural gas export terminals reached 17.3 billion cubic feet per day. Simultaneously, crude oil prices slid to prewar levels following diplomatic progress between the US and Iran regarding the Strait of Hormuz, dampening energy markets.
2026-07-02
US Natgas Prices Rise as Record Heat Boosts Demand
US natural gas prices hovered at $3.20 per MMBtu, driven by increased flows to liquefied natural gas export plants and projections for record-breaking power demand. A severe heat wave is sweeping across the country, forcing residents to heavily rely on air conditioning. Temperatures in New York City are forecast to hit 100 degrees Fahrenheit, threatening to tie a 1966 record. With meteorologists predicting above-normal heat through mid-July, gas-fired plants, which provide roughly 40% of US electricity, are expected to burn significantly more fuel. Also, average gas flows to major export facilities increased to 17.4 billion cubic feet per day in June. Meanwhile, production in the Lower 48 states rose to an average of 110.0 billion cubic feet per day, up from 109.7 in May, and national inventories are anticipated to rise to 5.9% above normal levels.
2026-06-30