Market Highlights:

Natural gas storage                          

Net injections into storage totaled 44 Bcf for the week ending September 11, compared with the five-year (2021–2025) average net injections of 74 Bcf and last year’s net injections of 87 Bcf during the same week. Working natural gas stocks totaled 3,298 Bcf as of Friday, September 11, 2026, according to EIA estimates. Stocks were 118 Bcf (4%) higher than the five-year average and 122 Bcf (4%) lower than last year at this time. The average rate of injections into storage is 4% higher than the five-year average so far in the refill season (April through October). If the rate of injections into storage matched the five-year average of 11.5 Bcf/d for the remainder of the refill season, the total inventory would be 3,871 Bcf on October 31, which is 118 Bcf higher than the five-year average of 3,753 Bcf for that time of year.

Natural gas prices

The Henry Hub price increased $0.20/MMBtu from $2.81/MMBtu last Wednesday to $3.01/MMBtu yesterday. The month-to-date average price of $2.87/MMBtu is $0.10/MMBtu less than the average Henry Hub price for September 2025. Regional temperatures were above average across most of the South and Southwest, while temperatures moderated in the North and Northwest. Total U.S. natural gas consumption fell 0.8 Bcf/d (1%), driven primarily by a 1.2 Bcf/d (3%) decrease in power sector gas consumption, according to S&P Global Energy. Net exports to Mexico were unchanged week over week, and feedgas delivered to LNG export facilities fell 0.1 Bcf/d (1%). Total natural gas supply decreased 1.7 Bcf/d (1%) this week. Dry natural gas production slipped by 1.0 Bcf/d (1%), and Canadian imports declined by 0.7 Bcf/d (13%), according to S&P Global Energy.

Liquefied Natural Gas (LNG)

For the week ending September 16: The LNG-carrying capacity of vessels departing U.S. ports was 138 Bcf, up 1 Bcf from the previous week. Thirty-six LNG vessels left U.S. ports, unchanged from the previous week. Eight vessels departed from Sabine Pass, seven each from Corpus Christi and Plaquemines, five from Freeport, four from Cameron, three from Calcasieu Pass, and one each from Cove Point and Golden Pass.