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U.S. Natural Gas Prices Plummet Amid Storage Surplus

9/19/2025

Summary

Story summary

U.S. natural gas futures dropped to $2.939/MMBtu, impacted by a 90 Bcf storage build that surpassed forecasts and last year's levels.
Shell signed a 15-year LNG export contract with Italy's Edison, while NextDecade secured a 20-year deal with ConocoPhillips for 1 million tons annually.
The Henry Hub spot price increased to $3.20/MMBtu amid mixed production and demand signals, while Waha Hub prices fell below zero due to pipeline maintenance.
Analysts foresee ongoing price volatility influenced by geopolitical risks and weather, with potential rebounds if resistance levels are surpassed.
The U.S. continues to lead in LNG exports, with rising global demand anticipated to drive long-term growth despite current storage surpluses.

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Story summary

U.S. natural gas futures dropped to $2.939/MMBtu, impacted by a 90 Bcf storage build that surpassed forecasts and last year's levels.
Shell signed a 15-year LNG export contract with Italy's Edison, while NextDecade secured a 20-year deal with ConocoPhillips for 1 million tons annually.
The Henry Hub spot price increased to $3.20/MMBtu amid mixed production and demand signals, while Waha Hub prices fell below zero due to pipeline maintenance.
Analysts foresee ongoing price volatility influenced by geopolitical risks and weather, with potential rebounds if resistance levels are surpassed.
The U.S. continues to lead in LNG exports, with rising global demand anticipated to drive long-term growth despite current storage surpluses.