10.11.202515:06:39UTC+00US Natgas Prices Halt Rally

U.S. natural gas futures retained their position at approximately $4.3 per MMBtu on Monday, following an earlier peak of $4.5 within the session. They are currently near their highest level since March, bolstered by robust export demand and record-breaking activity at LNG facilities. This month, the average flow to the eight major LNG plants has been approximately 17.4 billion cubic feet per day, surpassing October's record and poised to increase further. This trend is fueled by Europe's shift away from Russian gas and Asian buyers seeking long-term U.S. supply agreements.

Meanwhile, production remains robust, with U.S. output reaching about 108.7 bcfd, surpassing October figures and contributing to storage levels that are approximately 4% above the seasonal average. The Energy Information Administration (EIA) forecasts that both supply and demand will reach unprecedented heights in 2025 and 2026, driven by energy-intensive data centers and a surge in LNG exports. It is anticipated that dry gas production will exceed 107 bcfd next year, while total consumption could near 116 bcfd. Key shale regions such as the Marcellus, Utica, Haynesville, and Permian continue to play a pivotal role in this growth trajectory.