Natural Gas Prices Tumble on Record US Output and Cooler Weather Forecasts

Natural gas prices in India fell by 1.04% to ₹277.2 due to record U.S. production and expectations of milder weather over the next two weeks.

The Tropical Storm Edouard approached the Gulf Coast of Texas and Louisiana, causing a slight reduction in gas flows to Freeport LNG's export facility, which added pressure to prices as tropical weather can reduce power demand and disrupt LNG operations.

U.S. Lower 48 gas output averaged a record 111.5 billion cubic feet per day (bcfd) in August, surpassing the previous monthly record of 110.7 bcfd in July.