Natural Gas Drops Further to 2-Month Low

2026-07-16 15:01 By Andre Joaquim 1 min. read

US natural gas futures fell to $2.85 per MMBTu, a two-month low, contrasting with higher prices in other benchmarks as ample domestic supply shielded the US from the export pressures from the Middle East.

41 billion cubic feet of gas were added to domestic storages in the week to July 10th to extend recent builds that were sharply higher than expected.

The result was consistent with outages in Freeport LNG's export facility in Texas prevented gas flows from being ready for export, increasing the available supply of gas for domestic use.

On top of that, average gas production in the Lower 48 states increased to 110.2 bcf per day so far in July from 110.0 in the previous month.

Meanwhile, solar and wind power generation stateside rose to their near record highs in July, taking market share from gas-powered power plants.

The ample supply contrasted with limited LNG flows for major European and Asian consumers as the Iran and US resumed blockading tankers from leaving the Persian Gulf.



News Stream
Natural Gas Drops Further to 2-Month Low
US natural gas futures fell to $2.85 per MMBTu, a two-month low, contrasting with higher prices in other benchmarks as ample domestic supply shielded the US from the export pressures from the Middle East. 41 billion cubic feet of gas were added to domestic storages in the week to July 10th to extend recent builds that were sharply higher than expected. The result was consistent with outages in Freeport LNG's export facility in Texas prevented gas flows from being ready for export, increasing the available supply of gas for domestic use. On top of that, average gas production in the Lower 48 states increased to 110.2 bcf per day so far in July from 110.0 in the previous month. Meanwhile, solar and wind power generation stateside rose to their near record highs in July, taking market share from gas-powered power plants. The ample supply contrasted with limited LNG flows for major European and Asian consumers as the Iran and US resumed blockading tankers from leaving the Persian Gulf.
2026-07-16
Natural Gas Falls to 2-Month Low
US natural gas prices fell to below $2.9 per MMBtu, a two-month low, contrasting with higher prices in other benchmarks as ample domestic supply shielded the US from the export pressures from the Middle East. Scheduled maintenance outages in Freeport LNG's export facility in Texas prevented gas flows from being ready for export, increasing the available supply of gas for domestic use. The plant is only expected to resume operations in late August. On top of that, the latest data showed that average gas production in the Lower 48 states increased to 110.2 billion cubic feet per day so far in July from 110.0 in the previous month. Meanwhile, solar and wind power generation stateside rose to their near record highs in July, taking market share from gas-powered power plants. The ample supply contrasted with limited LNG flows for major European and Asian consumers as the Iran and US resumed blockading tankers from leaving the Persian Gulf.
2026-07-15
US Natgas Prices Hover Near 2-Month Low
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.
2026-07-15