US natgas futures reach one-week high on lower output, higher LNG flows
Front-month November US natural gas futures rose 1.9 cents to $3.085 per million British thermal units (mmBtu). Daily output slid to a four-month low of 108.9 bcfd on Tuesday amid pipeline problems, while LNG feedgas rose to a one-week high of 17.6 bcfd.
6 bcfd as Freeport flows are expected to increase Los Angeles temperatures could exceed 100 F for a fifth straight day, AccuWeather says National Hurricane Center sees 90% cyclone formation chance in the Gulf over seven days By Scott DiSavino NEW YORK, Oct 6 (Reuters) — US natural gas futures edged up to a fresh one-week high on Tuesday on a drop in output in recent weeks due to pipeline problems and a recent increase in flows to liquefied natural gas export plants with the expected return of a liquefaction train at Freeport LNG's facility in Texas.
085 per million British thermal units (mmBtu), putting the contract on track for its highest close since September 25 for a third day in a row. In a sign the market is not too worried about gas supplies this winter, the premium of futures for December over November fell to a record low of around 28 cents per mmBtu. In the US West, meanwhile, extreme heat and heavy air conditioning usage boosted next-day power prices at the South Path-15 (SP-15) hub in Southern California by 10% to a 28-month high of around $87 per megawatt hour. That compares with an average of $24 so far in 2026, $28 in 2025 and $53 over the past five years (2021-2025).
8 degrees Celsius) for a fifth day in a row on Tuesday, according to meteorologists at AccuWeather. That compares with a normal high of 80 F in the City of Angels for this time of year. In the Gulf of Mexico, the US National Hurricane Center said there was a 90% chance a cyclone could form over the next seven days. Even though storms can boost US gas prices by cutting output along the US Gulf Coast, they are more likely to reduce prices by shutting liquefied natural gas export plants and knocking out power to homes and businesses.
About 40% of the power generated in the US comes from gas-fired plants. 3 in both August and September. 9 bcfd on Tuesday due in part to recent forces majeures and other problems on several pipelines in Kentucky, Texas, West Virginia and elsewhere. 5 bcfd next week.
The forecast for next week was lower than LSEG's outlook on Monday. 8 bcfd in April. 6 bcfd on Tuesday with the amount of gas flowing to Freeport LNG in Texas expected to rise. Flows to Freeport had been expected to rise on Monday but that was delayed until Tuesday, according to the latest LSEG data.
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