US Natgas Prices Hover Near 2-Month Low

2026-07-15 02:32 By Judith Sib-at 1 min. read

US natural gas prices edged up to $2.91 per MMBtu but remained near a two-month low, weighed down by rising output, the prospect of softer demand, and reduced LNG export flows due to scheduled maintenance at the Freeport LNG facility in Texas.

Average gas production in the Lower 48 states increased to 110.2 bcfd so far in July from 110.0 bcfd in June, potentially contributing to inventory builds amid expectations of weaker demand.

Gas inventories were already 6.6% above their five-year seasonal average as of July 3, highlighting comfortable supply conditions.

The Commodity Weather Group said on Tuesday that forecasts had turned cooler, with below-average temperatures anticipated in the Southwest through July 23, likely limiting cooling demand.

Maintenance at the 2.4-bcfd Freeport LNG terminal, which began on July 10 and will last until late August, is expected to trap more supply within the domestic market.



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