Natural Gas U.S. Prices

Natural gas U.S. prices averaged USD 3.68 per MMBtu in June, up 6.4% from May. On 30 June, the commodity traded at USD 3.46 per MMBtu, unchanged from 30 May.

In June, natural gas prices were pushed up by Iran’s threat to close the Strait of Hormuz—through which Qatari LNG exports pass—plus sweltering weather across much of the U.S. That said, U.S. LNG exports continued to trend down from April’s series high due to maintenance work, and U.S. natural gas production moved closer to March’s record.