Market Highlights:
Natural gas storage
Net injections into storage totaled 61 Bcf for the week ending July 3, compared with the five-year (2021–2025) average net injections of 51 Bcf and last year’s net injections of 53 Bcf during the same week. Working natural gas stocks totaled 2,983 Bcf as of Friday, July 3, according to EIA estimates. Stocks were 185 Bcf (7%) more than the five-year average and 15 Bcf (1%) lower than last year at this time.
Natural gas prices
The Henry Hub spot price fell $0.02/MMBtu this week to $3.31/MMBtu yesterday. The average monthly price in July 2025 was $3.20/MMBtu by comparison. Total natural gas consumption increased by 5.9 Bcf/d (2%), driven almost entirely by a 6.3 Bcf/d (16%) increase in electric power sector demand, according to LSEG Data. This increase was partially offset by a 0.5 Bcf/d (3%) decrease in LNG liquefaction. Temperatures were above average across much of the eastern United States, as a heat dome enveloped the region during the first half of the report week. Total U.S. natural gas supply decreased by 1.1 Bcf/d (1%), reflecting lower dry natural gas production, which averaged 109.4 Bcf/d, according to LSEG Data.
Liquefied Natural Gas (LNG)
For the week ending July 8: The LNG-carrying capacity of vessels departing U.S. ports was 117 Bcf, down 19 Bcf from the previous week. Thirty-one LNG vessels left U.S. ports, down five vessels from the previous week. Eight vessels each departed from Corpus Christi and Sabine Pass, four each from Cameron and Plaquemines, three each from Calcasieu Pass and Freeport, and one from Cove Point.