Natural Gas
1 NG = $2.94
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A Qatari LNG tanker awaits salvage after a projectile strike near Hormuz while multiple oil and gas tankers turned back, lifting liquefaction fees and gas prices.

Shell increased its integrated gas output guidance for Q2 to 610,000-650,000 boed and flagged significantly stronger gas trading results than in Q1.

Australia, the No. 2 LNG producer, reported increased energy exploration spending; separately, Williams is in advanced talks to acquire Momentum Midstream for about $5.5 billion.

Natural gas futures rose ahead of storage data as the weather outlook turned warmer, reducing near-term demand expectations. This follows recent volatility in energy markets tied to geopolitical events.

Qatar's Prime Minister said on June 24 that LNG production facilities would return to normal operations within a few weeks following the U.S.-Iran conflict impacts. This follows reports of tanker movements and supply chain normalization in the region.

Nymex natural gas rose to around $3.28-3.33 per mmBtu after EIA reported a smaller-than-expected 92 Bcf storage injection, tightening the surplus, with support from warming forecasts boosting cooling demand.

U.S. natural gas futures settled higher as a weekly inventory report landed at the low end of market expectations, leaving the storage surplus unchanged from the previous week.

US natural gas fell to $3.20 per MMBtu on June 19, down nearly 1%, following a slightly smaller-than-expected inventory build of 73 billion cubic feet and amid ongoing weather and supply considerations.

July natural gas futures rose amid forecasts for hotter weather boosting cooling demand; prices traded near $3.185/mmBtu despite oil weakness.

US natural gas futures for July delivery rose 1.4% to $3.185 per mmBtu on June 10, 2026, on forecasts for hotter-than-normal weather increasing power demand through late June. Declining output and LNG maintenance also narrowed inventory surpluses.

Offshore Alliance union announced escalation of a wage dispute strike at Inpex's Ichthys LNG sites that began last week, after talks failed. The action targets key Australian LNG export operations.

Natural gas futures for July delivery fell about 3% to $3.229/mmBtu after overnight weather forecasts reduced expected cooling demand, leading to profit-taking following recent gains. Storage data showed regional tightening in the South Central US.

Natural gas futures retreated on June 5 following prior advances driven by weather outlooks and storage data, with LNG export flows hitting multi-month lows adding pressure. July contract saw notable declines amid mixed fundamentals.

Front-month natural gas futures fell 0.4% to $3.167/MMBtu on Tuesday with LNG export plant flows at a four-month low; market awaits weather-driven demand recovery amid maintenance.

Front-month gas futures for July delivery fell 0.4% to settle at $3.167 per million British thermal units on June 2 as daily flows to LNG export plants dropped to a four-month low.

U.S. natural gas futures added gains with July contract supported by smaller-than-expected storage builds and hotter June weather outlooks, though prices remained range-bound near $3.20 per MMBtu. Limited major moves compared to oil amid broader energy focus on geopolitics.

Natural gas futures rose over 3% while US gasoline inventories hit multi-year lows after prolonged draws, with prices already up 50% since February amid Middle East supply concerns.

U.S. natural gas futures rose as the latest EIA storage injection of 92 Bcf came in below expectations, narrowing the surplus over the five-year average, with support also from hotter June weather forecasts boosting demand.

US natural gas futures ended the session near $3.29 per MMBtu with modest or flat moves, influenced by broader energy market trends tied to Middle East developments and weather forecasts. Limited major shifts reported in the last day.

Ofgem announced a 13% increase in the UK energy price cap effective July, driven by rising gas costs linked to the ongoing Iran conflict impacts. This follows sustained higher wholesale energy prices amid Middle East tensions.

Europe's benchmark gas contract declined on May 27 amid hopes that the Strait of Hormuz would reopen following diplomatic developments between the US and Iran. The move reflects reduced fears of prolonged energy supply disruptions.

QatarEnergy notified a major European customer it will cancel five additional LNG cargoes, extending force majeure from early July until mid-August amid Middle East tensions.

US natural gas futures rose modestly to around $3.058 amid ongoing market steadiness and weather-related supply considerations.

An Australian union suspended planned strikes at the Inpex LNG plant, citing progress in talks, potentially easing supply concerns in the natural gas market.
Natural gas futures remain at $3.021 with neutral sentiment as U.S. exporters request delays to EU methane rules and recent price gains reverse. International cooperation deals between Turkey and Italy add context to supply dynamics. Weather patterns and policy timelines continue to influence near-term balances.

Turkey's state energy company BOTAS signed a memorandum of understanding with Italy's Edison to explore cooperation in natural gas and LNG on May 22, 2026.

Natural gas futures moved back under $3 per MMBtu as cooler weather forecasts reduced expected power-sector demand. The decline offset a pickup in LNG feedgas flows.

Turkey's state energy firm BOTAS signed a memorandum of understanding with Edison on May 22, 2026, to explore cooperation in natural gas and LNG. This follows recent energy market volatility.

U.S. natural gas futures settled lower, ending a five-session winning streak as the eastern U.S. heat wave fades ahead of the Memorial Day weekend.

U.S. gas exporters requested that Europe push back enforcement of new methane emissions rules until 2028, warning it risks holding back long-term contracts. Meanwhile, four U.S. LNG vessels are sailing to China after recent summits.