Natural Gas

Today in Energy

Recent Today in Energy analysis of natural gas markets is available on the EIA website.

Market Highlights:

Prices

• Henry Hub spot price: The Henry Hub spot price rose 65 cents from $2.80 per million British thermal units (MMBtu) last Wednesday to $3.45/MMBtu yesterday.
• Henry Hub futures price: The price of the November 2025 NYMEX contract increased 43 cents, from $3.016/MMBtu last Wednesday to $3.450/MMBtu yesterday. The price of the 12-month strip averaging November 2025 through October 2026 futures contracts climbed 22 cents to $3.904/MMBtu.
• Select regional spot prices: Natural gas spot prices rose at most locations this report week (Wednesday, October 15 to Wednesday, October 22). Price changes ranged from a decrease of 81 cents at Northwest Sumas to an increase of 89 cents at the Algonquin Citygate.
• Prices in the Northeast increased this report week, supported by higher regional consumption. At the Algonquin Citygate, which serves Boston-area consumers, the price rose 89 cents from $2.29/MMBtu last Wednesday to $3.18/MMBtu yesterday. At the Transco Zone 6 NY trading point for New York City, the price increased 85 cents from $2.18/MMBtu last Wednesday to $3.03/MMBtu yesterday. Total consumption of natural gas increased slightly this week in the Northeast amid warmer temperatures, driven by a 7% (0.3 billion cubic feet per day [Bcf/d]) increase in consumption in the electric power sector, according to LSEG Data. Temperatures in the Boston Area averaged 56°F this week, resulting in 58 heating degree days, or 16 fewer than last week. Kinder Morgan posted an operational flow order restricting flows on segments of the Tennessee Gas Pipeline (TGP) that delivers natural gas to the Northeast.

Daily spot prices by region are available on the EIA website.

• International futures prices: International natural gas futures prices increased this report week. According to Bloomberg Finance, L.P., weekly average front-month futures prices for liquefied natural gas (LNG) cargoes in East Asia increased 11 cents to a weekly average of $11.15/MMBtu. Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands increased 5 cents to a weekly average of $10.92/MMBtu. In the same week last year (week ending October 23, 2024), the prices were $13.45/MMBtu in East Asia and $12.75/MMBtu at TTF.
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Liquefied Natural Gas (LNG)

• Vessels departing U.S. ports: Thirty-two LNG vessels with a combined LNG-carrying capacity of 122 billion cubic feet (Bcf) departed the United States between October 16 and October 22, according to shipping data provided by Bloomberg Finance, L.P.:
  • Eight tankers from Sabine Pass
  • Six from Plaquemines
  • Five each from Corpus Christi and Freeport
  • Four from Cameron
  • Two each from Cove Point and Calcasieu Pass

Rig Count

• According to Baker Hughes, for the week ending Tuesday, October 14, the natural gas rig count increased by 1 rig from a week ago to 121 rigs. The Arkoma Woodford, the Eagle Ford, and the Permian each added one rig. Two rigs were dropped among unidentified producing regions. The number of oil-directed rigs remained unchanged from last week at 418 rigs. The Cana Woodford, the DJ-Niobrara, the Granite Wash, and the Mississippian each added one rig. The Eagle Ford dropped one rig, and three rigs were dropped among unidentified producing regions. The total rig count, which includes 9 miscellaneous rigs, now stands at 548 rigs, 37 fewer than at this time last year.

Storage

• Net injections into storage totaled 87 Bcf for the week ending October 17, compared with the five-year (2020–24) average net injections of 77 Bcf and last year's net injections of 79 Bcf during the same week. Working natural gas stocks totaled 3,808 Bcf, which is 164 Bcf (5%) more than the five-year average and 34 Bcf (1%) more than last year at this time.
• The average rate of injections into storage is 13% higher than the five-year average so far in the refill season (April through October). If the rate of injections into storage matched the five-year average of 7.8 Bcf/d for the remainder of the refill season, the total inventory would be 3,917 Bcf on October 31, which is 164 Bcf higher than the five-year average of 3,753 Bcf for that time of year.

See also:

• Natural Gas Analysis Reports
• Short-Term Energy Outlook