September natural gas futures plunged to a nine-month low on August 22, dropping 4.5% amid near-record output, ample storage, and cooler weather reducing demand. Despite a rebound in LNG exports, prices have fallen for five straight weeks, down 24% overall.
Record U.S. production in August averages 108.4 bcfd, while storage remains 6% above normal. Demand, including exports, is expected to ease in coming weeks, with LNG feedgas rising to 16.2 bcfd as plants recover from outages. Hurricane activity in the Atlantic poses no immediate threat to U.S. supply. Analysts expect U.S. LNG exports to grow about 10% annually through 2030.
Record U.S. production in August averages 108.4 bcfd, while storage remains 6% above normal. Demand, including exports, is expected to ease in coming weeks, with LNG feedgas rising to 16.2 bcfd as plants recover from outages. Hurricane activity in the Atlantic poses no immediate threat to U.S. supply. Analysts expect U.S. LNG exports to grow about 10% annually through 2030.
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