US Natgas Prices Fall to 6-Week Low
2026-07-09 14:41
By
Agna Gabriel
1 min. read
US natural gas prices dropped more than 4% to $3.07 per MMBtu on Thursday, the lowest level in six weeks, pressured by planned maintenance at Freeport LNG in Texas and a larger-than-expected increase in storage.
Freeport LNG said maintenance work at its pre-treatment and liquefaction facilities will begin on July 10, raising concerns about a temporary slowdown in export demand.
Also, EIA data showed inventories increased by 61 billion cubic feet in the week ended July 3, above the five-year average build of 51 bcf, reinforcing expectations of comfortable supply.
Despite the decline, weather forecasts continue to point to above-normal temperatures through July 23, supporting demand for gas-fired power generation.
On the supply side, gas output in the Lower 48 states fell to 109.4 bcfd in July so far, from 110.0 bcfd in June and was below the record monthly high of 110.6 bcfd reached in December 2025.