US Natgas Prices Hold Near 2-Month High

2026-09-07 08:57 By Agna Gabriel 1 min. read

US natural gas prices remained above $2.90/MMBtu, not far from two-month highs, as traders balanced stronger cooling demand and rising LNG exports against plentiful domestic supplies.

Persistent heat across the continental US continued to boost air-conditioning demand, supporting gas consumption in the power sector.

Meanwhile, average feedgas flows to the nine major LNG export facilities climbed to 18.3 bcfd in early September from 17.2 bcfd in August, as facilities in Texas returned to full operations after maintenance.

Export demand also strengthened in Europe and Asia, where buyers are replenishing inventories ahead of the winter heating season amid ongoing disruptions to LNG supplies from the Persian Gulf.

However, high domestic production and comfortable storage levels limit further price gains.

US gas inventories stood 5.2% above the five-year seasonal average as of August 28, while output across the Lower 48 remained close to record levels, keeping the market well supplied.



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US Natgas Prices Hold Near 2-Month High
US natural gas prices remained above $2.90/MMBtu, not far from two-month highs, as traders balanced stronger cooling demand and rising LNG exports against plentiful domestic supplies. Persistent heat across the continental US continued to boost air-conditioning demand, supporting gas consumption in the power sector. Meanwhile, average feedgas flows to the nine major LNG export facilities climbed to 18.3 bcfd in early September from 17.2 bcfd in August, as facilities in Texas returned to full operations after maintenance. Export demand also strengthened in Europe and Asia, where buyers are replenishing inventories ahead of the winter heating season amid ongoing disruptions to LNG supplies from the Persian Gulf. However, high domestic production and comfortable storage levels limit further price gains. US gas inventories stood 5.2% above the five-year seasonal average as of August 28, while output across the Lower 48 remained close to record levels, keeping the market well supplied.
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US Natural Gas Prices Rise 2%
US natural gas prices rose 2% to $2.97 per MMBtu on Friday after sliding 1.5% in the prior session, as investors weighed warm weather forecasts and improving LNG export activity against ample domestic supplies. Hot weather across the continental US kept cooling demand elevated, supporting gas consumption for power generation. At the same time, average gas flows to the nine major LNG export plants rose to 18.3 bcfd in early September, up from 17.2 bcfd in August, as major facilities in Texas returned to full operations after maintenance. The developments coincided with stronger demand for US LNG in Europe and Asia, where buyers are seeking supplies to refill storage ahead of the winter heating season, amid continued disruptions to LNG flows from the Persian Gulf. Still, abundant domestic supplies are limiting the upside for prices. Gas inventories were 5.2% above their five-year seasonal average as of August 28, while average output in the Lower 48 states remained at record highs.
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US natural gas futures rose to above $2.95 per MMBtu in September, the highest in nearly two months, as robust demand domestically was combined with tight supply overseas. Hot weather across the continental US lifted power-hungry cooling demand early in the month, supporting gas demand for generators. The developments coincided with surging demand for US LNG in Europe and Asia as the escalation to the war in the Middle East extended the suspension of supply from the region as major economies restock inventories ahead of the winter. European storage facilities were 65% full, their lowest in the period in 15 years, in a period of added buying competition from Asia as Japan and Korea scrap for their own LNG shipments. Concurrently, average gas flows to the nine major LNG export plants rose to 18.3 bcfd in early September, up from 17.2 bcfd in August, as Cheniere Energy’s Corpus Christi facility and Freeport LNG in Texas returned to full operations following maintenance.
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