US Natgas Prices Fall Further

2026-09-28 03:32 By Judith Sib-at 1 min. read

US natural gas prices fell for a second session to $3.10/MMBtu on Monday, as the market awaited further updates on the Mountaineer XPress pipeline in West Virginia.

TC Energy’s Columbia Gas Transmission unit said on Friday that crews were working to resolve the issue as quickly as possible after declaring force majeure on Thursday due to an unexpected mechanical problem, with the disruption affecting around 1.4-1.8 bcfd of gas flows.

Meanwhile, rising LNG feedgas demand continued to provide support, with flows to the nine major export plants averaging 17.9 bcfd in September, up from 17.2 bcfd in August, despite the 0.8-bcfd Cove Point facility being offline for planned maintenance.

Hot weather has also started to draw down the storage surplus accumulated amid strong production and mild spring conditions.

Although September production remains near record levels at an average of 112.5 bcfd, daily output has been falling primarily due to declines in West Virginia and Texas.



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