US natural gas futures rose on Wednesday as investors weighed bullish weather forecasts and strong LNG export feedgas against robust supplies.
The front-month Henry Hub contract and the continuous contract both rose by 1.16% to $2.799 per million British thermal units.
Temperatures moderated across the Northeast and Southeast this week, but forecasts pointed to above-normal temperatures across most of the country from August 19 through August 25, according to the National Weather Service, keeping space cooling demand and gas-fired power burn elevated.
LNG export feedgas flows were expected to edge higher on Wednesday, at 18.36 billion cubic feet per day, up from 17.37 Bcf/d on Tuesday, and above the 30-day moving average of 17.90 Bcf/d, according to the Bloomberg LNG Feedgas Model.
Flows are being supported by Cheniere Energy (LNG) beginning output from Train 7 at its Corpus Christie LNG export facility, marking the completion of the final train of the 10 million metric tons per annum Stage 3 expansion of the project.
Total natural gas demand stood at 112.5 Bcf/d, down 0.5 Bcf/d but 6.5 Bcf/d above August 2025 levels, with consumption expected to edge higher as temperatures begin to rise again, according to NRG Energy.
Meanwhile, gas output held steady, with an increase of 0.4 Bcf/d to 108.1 Bcf/d, driven by gains in the Southwest and Texas regions.
Price: $267.37, Change: $+1.94, Percent Change: +0.73%