Natural Gas ($GAS) Commodity Forecast: Up 5.1% Today

What is Natural Gas?

Natural Gas is a widely used commodity for heating and electricity generation, with its prices heavily influenced by supply and demand dynamics, weather forecasts, and energy market trends.

Why is Natural Gas going up?

GAS commodity is up 5.1% on Jun 2, 2025 16:15

• Natural gas futures surged by 7% to $3.69/MMBtu due to rising demand, lower output, and a broader energy market rally, supported by warmer-than-normal temperature forecasts boosting air conditioning demand.
• The drop in US natural gas futures to $3.5/MMBtu was influenced by reduced demand and lower gas flows to LNG export plants, as maintenance and outages at facilities like Cameron, Corpus Christi, and Sabine Pass limited flows.
• The rise to a 1-week high of $3.40/MMBtu was driven by lower output, higher expected demand, and forecasts for hotter weather, with gas flows to US LNG export plants dropping due to maintenance at facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport.

GAS Price Chart

GAS Technical Analysis

GAS News

US Natgas Prices Soar by 7%

US natural gas futures surged 7% to $3.69/MMBtu, supported by rising demand, lower output, and a broader energy market rally. Forecasts for warmer-than-normal temperatures boosted expectations for air conditioning demand. Meanwhile, gas production dropped to 105.0 bcfd in May from April’s record of 105.8 bcfd, mainly due to seasonal maintenance, including work on Kinder Morgan’s Permian Highway pipeline. The rally was also helped by a 3% jump in oil prices after OPEC+ decided to keep its July output increase unchanged. However, feedgas deliveries to US LNG export terminals fell to 15.1 bcfd from April’s 16.0 bcfd peak, as maintenance and brief outages at facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport LNG limited flows.

US Natgas Drops as LNG Exports, Demand Slip

US natural gas futures dropped to $3.5/MMBtu, weighed down by reduced demand and lower gas flows to LNG export plants. So far in May, average feedgas to the eight major LNG facilities has declined to 15.1 bcfd from April’s record 16.0 bcfd, mainly due to maintenance at plants like Cameron, Corpus Christi, and Sabine Pass, as well as short outages at Freeport LNG. More maintenance is expected in June, especially at Sabine Pass. At the same time, US gas output has slightly fallen to 105.0 bcfd in May from April’s peak, mostly due to routine spring pipeline maintenance, including work on Kinder Morgan’s Permian Highway. Meanwhile, weather forecasts show warmer-than-normal temperatures into mid-June, which may support demand for natural gas used in air conditioning.

US Natgas Prices Rise to 1-Week High

US natural gas futures rose to $3.40/MMBtu, the highest in a week, driven by lower output, higher expected demand, and forecasts for hotter weather. Production in the Lower 48 states averaged 105.0 billion cubic feet per day (bcfd) in May, down from April’s record 105.8 bcfd, partly due to pipeline maintenance, including work on Kinder Morgan’s Permian Highway. At the same time, weather forecasts point to above-normal temperatures through mid-June, boosting gas demand for air conditioning. Meanwhile, gas flows to U.S. LNG export plants dropped to 15.1 bcfd in May from April’s 16.0 bcfd record, mainly due to maintenance at facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport. Looking ahead, LNG feedgas is expected to stay below April’s peak, with Cheniere planning maintenance at Sabine Pass from June 2–23.

Trending Today

Natural Gas Price History

01.04.2025 - GAS Commodity was up 5.1%

• Natural Gas prices surged towards a three-week high of $3.4/MMBtu due to a drop in output and record LNG exports, leading to increased demand and reduced storage levels.
• The market was further supported by forecasts of stronger demand and decreased output, with production falling to a two-month low and LNG exports hitting record levels.
• Despite mild weather conditions reducing demand, the anticipation of record injections in May due to continued high output and favorable weather outlooks contributed to the bullish movement in Natural Gas prices.

02.04.2025 - GAS Commodity was up 5.5%

• Natural gas futures surged above $3.4/MMBtu, marking a 10% weekly gain, driven by a combination of factors:
• A significant drop in production by 3.5 bcfd over the past four days to a two-month low, signaling potential supply constraints.
• Record LNG exports averaging 16.0 bcfd in April, particularly driven by increased flows to the Plaquemines facility.
• Meteorologists forecasting warmer-than-normal temperatures in the Lower 48 states through mid-May, boosting demand expectations.
• The delayed EIA storage report, expected to show a larger-than-usual build of 107 bcf, further supported prices, as it would bring storage levels closer to seasonal norms.
• Despite recent challenges like rising output and mild weather expectations, the market rebounded over 7% to above $3.3/MMBtu, fueled by improved demand forecasts and robust LNG export activities, positioning the US as a key LNG supplier globally.

02.04.2025 - GAS Commodity was up 5.9%

• Natural gas prices surged by 5.01% to $3.6532/MMBtu, driven by a combination of factors.
• The market was influenced by a drop in production by 3.5 bcfd to a two-month low, coupled with record LNG exports reaching 16.0 bcfd in April.
• Analysts' projections of warmer-than-normal temperatures in the Lower 48 states through mid-May and expectations of high output leading to record injections in May also contributed to the bullish trend.
• Despite earlier concerns about mild weather and rising output, improved demand forecasts and increased export volumes to LNG plants supported the bounce back in natural gas prices, especially with the U.S. maintaining its position as a top LNG supplier globally.

28.04.2025 - GAS Commodity was up 8.5%

• Natural gas futures rose to a one-week high of $3.40/MMBtu due to lower output, higher expected demand, and forecasts of hotter weather, leading to increased gas consumption for air conditioning.
• The bullish movement was supported by a decrease in gas flows to U.S. LNG export plants, maintenance at key facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport, and a drop in domestic output due to pipeline maintenance.
• Despite expectations of a second weekly loss and larger-than-expected storage builds, the anticipation of rising summer temperatures in June driving up demand provided support to natural gas prices.
• Mild weather conditions limiting heating and cooling demand led to larger storage builds, but the outlook for heat-driven demand rebound in mid-to-late June is expected to maintain price support for natural gas.

07.04.2025 - GAS Commodity was up 5.0%

• Natural gas futures surged due to a drop in production and record LNG exports, leading to a bullish market movement.
• The increase in prices was supported by forecasts of warmer-than-normal temperatures and expectations of high output, potentially resulting in record injections in May.
• Despite mild weather reducing demand and allowing for a larger-than-usual storage build, the market remained bullish due to strong international LNG demand and reduced domestic production.
• The overall trend of rising prices was further reinforced by a 10% weekly gain, indicating sustained positive momentum in the natural gas market.

02.05.2025 - GAS Commodity was up 5.5%

• Natural gas prices experienced a bullish movement due to a combination of factors:
• Lower output in the Lower 48 states in May, attributed to maintenance work on pipelines like Kinder Morgan’s Permian Highway, contributed to reduced supply, supporting prices.
• Forecasts for hotter weather and above-normal temperatures through mid-June increased demand for natural gas for air conditioning, further boosting prices.
• Despite lower gas flows to U.S. LNG export plants in May compared to April, mainly due to maintenance at facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport, the overall market sentiment remained positive.
• The expectation of more maintenance at LNG facilities, such as Sabine Pass, in June could potentially impact supply levels and prices in the near term.

02.05.2025 - GAS Commodity was up 5.1%

• Natural gas futures surged by 7% to $3.69/MMBtu due to rising demand, lower output, and a broader energy market rally, supported by warmer-than-normal temperature forecasts boosting air conditioning demand.
• The drop in US natural gas futures to $3.5/MMBtu was influenced by reduced demand and lower gas flows to LNG export plants, as maintenance and outages at facilities like Cameron, Corpus Christi, and Sabine Pass limited flows.
• The rise to a 1-week high of $3.40/MMBtu was driven by lower output, higher expected demand, and forecasts for hotter weather, with gas flows to US LNG export plants dropping due to maintenance at facilities like Cameron, Corpus Christi, Sabine Pass, and Freeport.

28.03.2025 - GAS Commodity was up 13.9%

• Natural gas prices experienced a strong bullish movement today, bouncing back from recent lows.
• The improved demand forecast, particularly from increased flows to LNG export plants and expectations of stronger demand, supported the price surge.
• The decline in prices over the past few weeks was mainly driven by ample supply, warmer-than-usual temperatures reducing heating demand, and macroeconomic headwinds affecting global demand.
• Despite the recent bearish trend, the bullish movement today indicates a temporary shift in sentiment due to positive demand outlook and export activities.

21.04.2025 - GAS Commodity was up 8.3%

• Today, Natural Gas prices rose due to lower daily production and stronger demand forecasts for the upcoming weeks, especially if summer heat arrives, potentially boosting consumption.
• Maintenance at key pipelines and LNG export facilities, along with disruptions at some plants, have curtailed export volumes, contributing to the bullish movement in prices.
• The recent drop in average gas output in the Lower 48 states and a larger-than-average storage build reported by the EIA have also played a role in the market movement.
• Overall, the bullish trend in Natural Gas prices today can be attributed to a combination of reduced production, maintenance issues at key infrastructure, and optimistic demand outlooks for the near future.

20.04.2025 - GAS Commodity was up 5.0%

• Natural gas prices experienced a strong bullish movement recently.
• The bullish trend can be attributed to reduced gas flows to LNG export facilities due to seasonal maintenance, which has eased pressure on domestic supplies.
• Additionally, warmer-than-normal weather forecasts through late May are expected to limit heating demand, while mild temperatures reduce overall consumption, contributing to the bullish sentiment.
• Despite the current dip in prices, there is anticipation of a potential rise in gas prices in the coming months, driven by growing LNG exports and seasonal demand from the power sector.

20.04.2025 - GAS Commodity was up 9.1%

• Natural gas prices experienced a strong bullish movement today, driven by lower daily production, stronger demand forecasts for the upcoming weeks, and potential summer heat boosting demand.
• The decrease in average output in the Lower 48 states, maintenance on key pipelines, and reduced gas flows to LNG export plants contributed to the bullish sentiment.
• Market participants are closely monitoring weather forecasts for signs of increased demand, as well as any developments in production levels and export volumes to gauge future price movements.
• Overall, the bullish movement in natural gas prices today can be attributed to a combination of supply-side constraints, demand expectations, and export dynamics, highlighting the intricate balance that influences the commodity's market movements.

09.04.2025 - GAS Commodity was up 5.1%

• Reduced supply and record LNG exports supported the increase in natural gas prices.
• Production cuts and expectations for stronger demand later in the week were not enough to offset the impact of mild weather and low heating and cooling needs.
• Analysts project continued mild weather and high output could lead to record injections in May, contributing to the bullish market movement.
• Despite recent domestic slowdowns, the US remains the world's leading LNG exporter, with solid international demand driving prices higher.