US natgas prices fall to two-week low on big storage build and slow rise in output (updated)
11/06/2026 15:31
* EIA reports storage build of 108 bcf, exceeding analyst
expectations
* LSEG notes slight output rise, with June production above
Wednesday's level
* LNG export flows dip due to plant maintenance, impacting
feedgas demand
(Adds latest prices)
By Scott DiSavino
NEW YORK, June 11 (Reuters) - U.S. natural gas futures fell
about 3% on Thursday to a two-week low, on a
bigger-than-expected weekly storage build and a slight increase
in daily output.
Front-month gas futures for July delivery NGc1 on the New
York Mercantile Exchange fell 9.8 cents, or 3.1%, to settle at
$3.087 per million British thermal units (mmBtu), their lowest
close since May 27.
The U.S. Energy Information Administration said energy firms
added 108 billion cubic feet (bcf) of gas into storage during
the week ended June 5.
That was bigger than the 99-bcf build analysts forecast in a
Reuters poll and compares with an increase of 110 bcf during the
same week last year and a five-year (2021-2025) average increase
of 95 bcf for the period. EIA/GAS NGAS/POLL
SUPPLY AND DEMAND:
Financial group LSEG said average gas output in the U.S.
Lower 48 states fell to 109.0 billion cubic feet per day (bcfd)
so far in June, down from 109.7 bcfd in May and a monthly record
high of 110.6 bcfd in December 2025. The average so far for June
is higher than the figure on Wednesday.
Meteorologists forecast the weather will remain mostly
warmer-than-normal through June 26, which should boost the
amount of gas that power generators burn to keep air
conditioners humming. About 40% of U.S. power generation comes
from gas-fired plants.
LSEG projected average gas demand in the Lower 48 states,
including exports, would rise from 102.9 bcfd this week to 104.3
bcfd next week. Those forecasts were similar to LSEG's outlook
on Wednesday.
Average gas flows to the nine big U.S. LNG export plants
fell from 17.1 bcfd in May to 16.5 bcfd so far in June due to
ongoing spring maintenance at several plants, including
ExxonMobil XOM.N /QatarEnergy's Golden Pass facility and
Freeport LNG's plant in Texas.
Those flows compare with a monthly LNG feedgas record high
of 18.8 bcfd in April.
Cheniere Energy's LNG.N Corpus Christi export plant in
Texas was on track to take in more gas on Thursday after trains
1-6 at the Midscale Stage 3 expansion shut down on Wednesday.
Week Week Year Five-
ended ended ago year
Jun 5 May Jun 5 avera
Actua 29 ge
l Actua (2021
l -2025
) Jun
5
U.S. weekly natgas +108 +95 +110 +95
storage change
(bcf):
U.S. total natgas in 2,686 2,578 2,691 2,535
storage (bcf):
U.S. total storage +6.0% +5.7%
versus 5-year
average
Global Gas Benchmark Curre Prior This Prior Five-
Futures ($ per nt Day Month Year Year
mmBtu) Day Last Avera Avera
Year ge ge
2025 (2021
-2025
)
Henry Hub NGc1 3.12 3.19 3.64 3.62 3.79
Title Transfer 16.82 17.00 12.38 11.94 18.51
Facility (TTF)
TRNLTTFMc1
Japan-Korea Marker 18.92 18.89 13.05 12.24 18.12
(JKM) JKMc1
LSEG U.S. Global
Forecast System
(GFS) Heating,
Cooling and Total
Degree Days
Two-Week Total Curre Prior Prior 10-Ye 30-Ye
Forecast nt Day Year ar ar
Day Norm Norm
U.S. GFS Heating 7 8 20 20 13
Degree Days (HDD)
U.S. GFS Cooling 193 189 138 138 152
Degree Days (CDD)
U.S. GFS Total 200 195 158 158 165
Degree Days (TDD)
LSEG U.S. Weekly GFS
Supply and Demand
Forecasts
Prior Curre Next This Five-
Week nt Week Week Year
Week Last (2021
Year -2025
)
Avera
ge
for
Month
U.S. Supply (bcfd)
U.S. Lower 48 Dry 109.6 109.0 108.7 106.1 100.6
Production
U.S. Imports from 6.7 6.9 6.5 N/A 7.7
Canada
U.S. LNG Imports 0.0 0.0 0.0 0.0 0.0
Total U.S. Supply 116.3 116.0 115.2 N/A 108.3
U.S. Demand (bcfd)
U.S. Exports to 2.0 2.1 2.1 N/A 2.3
Canada
U.S. Exports to 7.1 7.3 7.4 N/A 6.7
Mexico
U.S. LNG Export 16.6 16.7 17.7 14.1 12.0
Feedgas
U.S. Commercial 4.7 4.5 4.3 4.5 5.0
U.S. Residential 4.2 3.7 3.5 3.8 4.2
U.S. Power Plant 34.5 39.4 40.0 37.7 39.1
U.S. Industrial 21.7 21.6 21.7 22.2 21.8
U.S. Plant Fuel 5.4 5.4 5.4 5.4 5.2
U.S. Pipe 1.9 2.0 2.1 1.9 3.0
Distribution
U.S. Vehicle Fuel 0.1 0.1 0.1 0.1 0.2
Total U.S. 72.6 76.8 77.1 75.6 78.5
Consumption
Total U.S. Demand 98.3 102.9 104.3 N/A 99.5
N/A = Not Available
U.S. Northwest River 2026 2026 2025 2024 2023
Forecast Center Curre Prio % of % of % of
(NWRFC) at The nt r Day Norma Norma Norma
Dalles Dam (fiscal Day % % of l l l
year ending of Norma Actua Actua Actua
September 30) Norma l l l l
l Forec
Forec ast
ast
Apr-Sep 86 86 76 74 83
Jan-Jul 90 90 78 76 77
Oct-Sep 95 95 80 77 76
U.S. weekly power
generation percent
by fuel - EIA
Week Week 2025 2024 2023
ended ended
Jun June
12 5
Wind 13 11 11 11 10
Solar 9 11 6 5 4
Hydro 6 7 6 6 6
Other 1 1 1 1 2
Petroleum 0 0 0 0 0
Natural Gas 39 38 40 42 41
Coal 15 14 18 16 17
Nuclear 18 18 18 19 19
SNL U.S. Natural Gas
Next-Day Prices ($
per mmBtu)
Hub Curre Prior This Prior Five-
nt Day Month Year Year
Day Last Avera Avera
Year ge ge
2025 (2021
-2025
)
Henry Hub 3.27 3.18 3.12 3.52 3.72
NG-W-HH-SNL
Transco Z6 New York 2.80 2.53 2.34 3.53 3.56
NG-CG-NY-SNL
PG&E Citygate 1.75 1.77 3.12 3.42 5.47
NG-CG-PGE-SNL
Eastern Gas 2.53 2.34 2.17 2.79 2.96
(formerly Dominion
South)
NG-PCN-APP-SNL
Chicago Citygate 2.84 2.77 2.76 3.23 3.60
NG-CG-CH-SNL
Algonquin Citygate 3.00 2.68 2.97 6.08 5.04
NG-CG-BS-SNL
SoCal Citygate 2.77 2.73 3.59 3.60 5.71
NG-SCL-CGT-SNL
Waha Hub -0.98 -0.92 1.75 1.15 2.88
NG-WAH-WTX-SNL
AECO 1.25 1.25 0.64 1.13 2.13
NG-ASH-ALB-SNL
Intercontinental
Exchange (ICE)
U.S. Power Next-Day
Prices ($ per
megawatt-hour)
Hub Curre Prior This Prior Five-
nt Day Month Year Year
Day Last Avera Avera
Year ge ge
2025 (2021
-2025
)
New England 81.05 61.09 60.18 77.61 61.79
E-NEPLMHP-IDX
PJM West 161.7 110.0 70.06 60.23 54.47
E-PJWHRTP-IX 5 0
Mid-Columbia (Mid C) 18.10 3.78 42.59 44.81 68.96
W-MIDCP-IDX
Palo Verde 27.20 24.63 38.53 34.82 59.94
W-PVP-IDX
South Path-15 19.42 12.22 22.51 28.44 53.02
(SP-15) W-SP15-IDX
(Reporting by Scott DiSavino, editing by Deepa Babington, David
Gregorio and Nia Williams)
((mailto:scott.disavino@thomsonreuters.com; +1 332 219 1922;
Reuters Messaging:
rm://scott.disavino.thomsonreuters.com@reuters.net/))Recent news on Cheniere Energy
See all newsQatarEnergy locks in US LNG supply from Cheniere as Hormuz disruption drags on (updated)
Brief: Cheniere Signs Long-Term Agreements To Supply Qatarenergy With LNG Through 2054
Cheniere signs long-term LNG supply deals with QatarEnergy through 2054
US natural gas prices fall 4% on mild weather and lower demand view (updated)
Alaska LNG could cost more than double Gulf Coast rivals, raising questions over economics