US natural gas futures fell by more than 8% below $5.8MMBtu, closing in on the lowest since July 6th on expectations of higher supply and milder weather across the US over the next two weeks. The restart of the Freeport LNG export plant due to take place in the mid of December was pushed until the end of the month as the company is still waiting for regulatory approval, leaving more gas in the domestic market. Also, average gas output in the US Lower 48 states rose to a record 99.5 bcfd in November, up from 99.4 bcfd in October. Meanwhile, warmer-than-usual temperatures should allow utilities to leave more gas in storage which is now around 2.4% below the five-year (2017-2021) average for this time of year. Still, US gas futures are up nearly 75% so far this year as overseas demand for LNG remains strong especially from Europe after the war in Ukraine has disrupted the gas supply.

Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas - data, forecasts, historical chart - was last updated on December of 2022.

Natural gas is expected to trade at 6.62 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.95 in 12 months time.

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Natural gas

Price Day Month Year
Crude Oil 77.22 -3.050 -3.81% -14.89% 11.43%
Brent 83.03 -2.520 -2.95% -13.84% 14.22%
Natural gas 5.63 -0.6474 -10.31% -22.23% 55.41%
Gasoline 2.22 -0.0649 -2.85% -14.54% 9.23%
Heating Oil 3.00 -0.1687 -5.32% -16.97% 38.76%
Coal 400.00 9.00 2.30% 15.94% 164.46%
TTF Gas 134.70 -0.86 -0.64% 22.81% 49.79%
UK Gas 339.00 2.6900 0.80% 26.76% 47.34%
Ethanol 2.15 -0.0375 -1.72% -23.30% -20.76%
Naphtha 632.28 -12.08 -1.88% -5.77% -1.03%
Propane 0.72 -0.04 -4.92% -15.27% -27.17%
Uranium 49.20 -0.6000 -1.20% -3.72% 6.15%
Methanol 2,582.00 -17.00 -0.65% -7.62% -3.66%

Natural gas
Natural gas accounts for almost a quarter of United States energy consumption. The NYMEX Division natural gas futures contract is widely used as a national benchmark price. The futures contract trades in units of 10,000 million British thermal units (mmBtu). The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region's prolific gas deposits. The United States is the biggest natural gas producer followed by Russia. The Natural gas market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
5.63 6.28 15.78 1.04 1990 - 2022 USD/MMBtu Daily