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US Natural Gas Update: Futures Rise Over 3% Amid LNG Export Feedgas Recovery

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US natural gas futures were up nearly 2% on Wednesday, amid a recovery in export-destined LNG feedgas flows, even as other fundamentals softened.

The front-month Henry Hub contract was up 2.25% to $2.959 per million British thermal units, while the continuous contract fell 2.03% to $3.071/MMBtu.

LNG export feedgas flows are expected to average 17.5 billion cubic feet per day over the next two weeks, according to NRG Energy.

While this is below the year-to-date average of 18.2 Bcf per day, it marks an uptick from the 16-week low of 15.1 Bcf last week, owing to seasonal maintenance across several major facilities.

Weather forecasts look cooler for the long weekend, with Southern parts of the country, including Texas, much of the Southeast, and the Mid-Atlantic, expected to see below-normal temperatures in early June, according to the National Weather Service.

According to the Energy Buyer's Guide, the "market appears to be struggling to find a near-term catalyst," with no major heating event on the horizon to renew bullish momentum ahead of the June 2026 contract expiry on Wednesday.

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