The U.S. benchmark Henry Hub natural gas spot price fell US$0.05 to $2.75/million British thermal units in the week ended April 15, the U.S. Energy Information Administration said in its Weekly Natural Gas Storage Report Supplement released Thursday.
The price last Friday of $2.65/MMBtu was the lowest since June 2025, the EIA noted.
U.S. natural gas demand dropped 6.8 billion cubic feet per day week over week, the agency said, citing LSEG Data. The decrease was mainly driven by a 31% reduction in demand from the residential and commercial sector.
U.S. natural gas supply also decreased, primarily due to a 1% drop in dry production, according to the agency. On balance, average demand fell more than supply, contributing to lower spot natural gas prices.
Temperatures were warmer across the U.S. during the report week, and the relatively comfortable conditions are reducing natural gas demand for heating and cooling, the EIA said.
Also, net injections into storage amounted to 59 Bcf in the week ended April 10, resulting in total working gas stocks of 1,970 Bcf, the EIA reported. This was 108 Bcf more than the five-year average and 126 Bcf more than the year-ago period.
The liquefied natural gas-carrying capacity of vessels departing U.S. ports was 133 Bcf in the week ended April 15, down 7 Bcf week over week. Thirty-five LNG vessels left the U.S., down two vessels from the previous week, the EIA said.