Prices
Henry Hub spot price: The Henry Hub spot price rose 9 cents from $3.24 per million British thermal units (MMBtu) last Wednesday to $3.33/MMBtu yesterday. Hery Hub futures price: The price of the November 2025 NYMEX contract decreased 14 cents, from $3.476/MMBtu last Wednesday to $3.333/MMBtu yesterday. The price of the 12-month strip averaging November 2025 through October 2026 futures contracts remained the same Wednesday to Wednesday at $3.898/MMBtu. Select regional spot prices: Natural gas spot prices rose at most locations this report week (Wednesday, October 1, to Wednesday, October 8). Price changes ranged from a decrease of 83 cents at Algonquin Citygate to an increase of $2.32 at Northwest Sumas. Prices were up on the West Coast this week. The price at Northwest Sumas on the Canada-Washington border, the main pricing point for natural gas in the Pacific Northwest, increased $2.32 week over week, reaching $2.46/MMBtu on Wednesday after beginning the week at $0.14/MMBtu amid low-priced natural gas imports from Canada. Average temperatures in the Pacific Northwest fell 5°F this report week compared with last week, leading to 79 heating degree days (HDDs), 37 more HDDs than last week. Average prices at the SoCal Border in Southern California increased 39 cents week over week to $2.83/MMBtu yesterday, after falling to an intraweek low of $1.27/MMBtu. Average temperatures in the Riverside Area, inland from Los Angeles, were mild throughout the week, ranging from 68°F to 72°F. Two nuclear power plants that service California markets had planned outages this week, which lowered nuclear generation by half and increased the need for natural gas for power. The price at PG&E Citygate in Northern California rose 11 cents, up from $3.74/MMBtu last Wednesday to $3.85/MMBtu yesterday, the second-highest price among major hubs this week. Average temperatures in the Sacramento Area were mixed throughout the week, peaking at 73°F on Tuesday, 5°F above normal. International futures prices: International natural gas futures price changes were mixed this report week. According to Bloomberg Finance, L.P., weekly average front-month futures prices for liquefied natural gas (LNG) cargoes in East Asia decreased 9 cents to a weekly average of $11.09/MMBtu. Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands increased 12 cents to a weekly average of $11.10/MMBtu. In the same week last year (week ending October 9, 2024), the prices were $13.10/MMBtu in East Asia and $12.78/MMBtu at TTF.
Liquefied Natural Gas (LNG)
Vessels departing U.S. ports: Thirty LNG vessels with a combined LNG-carrying capacity of 112 billion cubic feet (Bcf) departed the United States between October 2 and October 8, according to shipping data provided by Bloomberg Finance, L.P.:
Eight tankers from Sabine Pass, Seven from Plaquemines, Five from Corpus Christi, Four from Freeport, Three each from Cameron and Calcasieu Pass.
Storage
Net injections into storage totaled 80 Bcf for the week ending October 3, compared with the five-year (2020–24) average net injections of 94 Bcf and last year’s net injections of 78 Bcf during the same week. Working natural gas stocks totaled 3,641 Bcf, which is 157 Bcf (5%) more than the five-year average and 23 Bcf (1%) more than last year at this time. The average rate of injections into storage is 14% 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 9.6 Bcf/d for the remainder of the refill season, the total inventory would be 3,910 Bcf on October 31, which is 157 Bcf higher than the five-year average of 3,753 Bcf for that time of year.