Record US Gas Output Eases Futures on LNG Export Flows
US natural gas futures eased by about 1% on Thursday due to record output and lower flows to liquefied natural gas (LNG) export plants. According to analysts, energy firms added an estimated 35 billion cubic feet of gas to storage during the week ended July 24. This compares with an increase of 44 bcf during the same week last year and a five-year average increase of 26 bcf for the period.
The front-month gas futures for September delivery on the New York Mercantile Exchange (NYMEX) fell by 3.9 cents, or 1.4%, to $2.686 per million British thermal units (mmBtu). This pushed the front-month back into technically oversold territory for the third time in four days.
Financial firm LSEG reported that average gas output in the US Lower 48 states rose to 110.7 billion cubic feet per day so far in July, up from 110.0 bcfd in June and the monthly record high of 110.6 bcfd in December 2025.