US Natgas Rises But Remains Near 2-Month Low

2026-07-22 02:20 By Judith Sib-at 1 min. read

US natural gas futures rose toward $2.90 per MMBtu but remained close to a two-month low amid adequate domestic supply and weaker LNG export flows.

Gas inventories were 6.4% above their five-year seasonal average as of July 10, signaling comfortable supply conditions.

On top of that, average gas output in the Lower 48 states rose to 110.5 bcfd so far in July from 110.0 bcfd in June.

Meanwhile, gas flows to major LNG export terminals declined to 17.3 bcfd in July so far from 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s export facility in Texas, reducing the amount of gas being processed for exports and leaving more supply available in the domestic market.

Tropical Storm Bertha also poses a potential threat to LNG export facilities along the Gulf Coast in the coming days.

The ample supply situation in the US contrasts with tighter LNG availability for European and Asian buyers, as flows from the Persian Gulf have been disrupted amid renewed US-Iran tensions.



News Stream
US Natgas Rises But Remains Near 2-Month Low
US natural gas futures rose toward $2.90 per MMBtu but remained close to a two-month low amid adequate domestic supply and weaker LNG export flows. Gas inventories were 6.4% above their five-year seasonal average as of July 10, signaling comfortable supply conditions. On top of that, average gas output in the Lower 48 states rose to 110.5 bcfd so far in July from 110.0 bcfd in June. Meanwhile, gas flows to major LNG export terminals declined to 17.3 bcfd in July so far from 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s export facility in Texas, reducing the amount of gas being processed for exports and leaving more supply available in the domestic market. Tropical Storm Bertha also poses a potential threat to LNG export facilities along the Gulf Coast in the coming days. The ample supply situation in the US contrasts with tighter LNG availability for European and Asian buyers, as flows from the Persian Gulf have been disrupted amid renewed US-Iran tensions.
2026-07-22
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 110.5 bcf per day so far in July from 110.0 in the prior 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.
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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.
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