US Natural Gas Prices Rise 3% Amid Strong LNG Demand
U.S. natural gas prices have risen by 3% due to strong demand from liquefied natural gas (LNG) exports, which is offsetting record production levels in the country. According to a recent report, LNG feed gas demand is absorbing a significant share of U.S. production, even as output remains near all-time highs.
In mid-September, U.S. natural gas futures traded around $2.9/MMBtu after earlier gains linked to high temperatures and stronger power demand. The global LNG market remains volatile due to geopolitical disruptions and European storage requirements.
The report highlights the wide differences in natural gas pricing across regions, with prices ranging from $1.94/MMBtu in China to $14.26/MMBtu in Germany in Q2 2026. These regional variations are caused by local supply availability, LNG import dependence, infrastructure, taxes, storage levels, and transportation costs.