US Natural Gas Prices Hold Gains

2026-10-05 04:47 By Judith Sib-at 1 min. read

US natural gas prices hovered around $3.02 per MMBtu on Monday, holding their recent gains amid expectations of cooler weather later this month that could lift heating demand.

Forecasts turned cooler across the northern and western US for October 12-15, potentially increasing gas consumption.

Robust LNG demand also continued to support the market, with feedgas flows to the nine major US export plants averaging 17.9 bcfd in September, up from 17.2 bcfd in August.

At the same time, demand for US LNG from European and Asian buyers continued to rise as they sought to replenish storage ahead of winter.

Meanwhile, the latest EIA report showed a 64 bcf storage build for the week ended September 25, below the five-year average increase of 80 bcf, indicating that the inventory surplus is gradually narrowing.

Partly offsetting these factors, Lower 48 production remained solid, averaging a record 113.3 bcfd in September and matching the monthly record high set in August.



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US Natural Gas Prices Hold Gains
US natural gas prices hovered around $3.02 per MMBtu on Monday, holding their recent gains amid expectations of cooler weather later this month that could lift heating demand. Forecasts turned cooler across the northern and western US for October 12-15, potentially increasing gas consumption. Robust LNG demand also continued to support the market, with feedgas flows to the nine major US export plants averaging 17.9 bcfd in September, up from 17.2 bcfd in August. At the same time, demand for US LNG from European and Asian buyers continued to rise as they sought to replenish storage ahead of winter. Meanwhile, the latest EIA report showed a 64 bcf storage build for the week ended September 25, below the five-year average increase of 80 bcf, indicating that the inventory surplus is gradually narrowing. Partly offsetting these factors, Lower 48 production remained solid, averaging a record 113.3 bcfd in September and matching the monthly record high set in August.
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US natural gas prices fell below $3.0 per MMBtu on the first day of October, the lowest level in over a week, amid the prospect of limited heating and cooling demand. Forecasts indicated that average weather across the country will remain mostly near normal through October 15, reducing the potential for a significant increase in gas-fired power consumption. Additionally, TC Energy lifted its force majeure on the Columbia Gas Transmission Mountaineer Xpress pipeline on Sunday after finishing emergency repairs, enabling production to rise in the coming days. Meanwhile, traders are awaiting the weekly storage report later today, with analysts expecting inventories to have fallen to 2.4% above normal in the week through September 25, from 2.9% in the previous week. Meanwhile, flows to nine major US export plants averaged 17.9 bcfd in September, up from 17.2 bcfd in August. US natural gas prices rose 3.1% in September but were down 7.6% over the third quarter.
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