Natural Gas U.S. Prices

Natural gas U.S. prices averaged USD 3.02 per MMBtu in September, up 4.2% from August. On 30 September, the commodity traded at USD 3.33 per MMBtu, up 11.0% from 29 August.

After declining for the second month in a row and reaching a 10-month low in August, prices recovered somewhat in September. Colder weather across the U.S. boosted heating demand, and U.S. natural gas output fell vs the prior month. Moreover, U.S. LNG exports hit a fresh record high of 9.4 million tonnes, fueled by strong sales to Asia and Europe. That said, at 6.1%, U.S. natural gas inventories remain far above the five-year seasonal average, dampening the rally.