US Natgas Prices Rise to 11-Week High

2026-09-24 14:48 By Agna Gabriel 1 min. read

US natural gas prices rose to $3.2 per million British thermal units, their highest level since July 8, after an EIA report showed a storage build broadly in line with expectations.

Energy firms added 53 billion cubic feet to inventories in the week ended September 18, below the 77 bcf increase recorded a year earlier and the five-year average of 76 bcf, as hot weather boosted cooling demand.

Inventories stood 2.9% above normal, down from 3.7% the previous week.

US Lower 48 production was also on track to fall to an 11-week low of 108.4 bcfd on Thursday, mainly due to declines in Louisiana and West Virginia.

Weather forecasts point to mostly normal conditions through October 9.

Meanwhile, average gas flows to the nine major US LNG export plants reached 17.8 bcfd in September, up from 17.2 bcfd in August, despite the planned shutdown of Berkshire Hathaway Energy’s 0.8-bcfd Cove Point facility for annual maintenance.



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