Prices
Henry Hub spot price: The Henry Hub spot price rose 15 cents from $3.36 per million British thermal units (MMBtu) last Wednesday to $3.51/MMBtu yesterday. Henry Hub futures price: The December 2025 NYMEX contract price increased to $4.232/MMBtu, up 42 cents from last Wednesday to yesterday. The price of the 12-month futures strip averaging December 2025 through November 2026 climbed 21 cents to $4.050/MMBtu. Select regional spot prices: Natural gas spot prices fell at most locations this report week (Wednesday, October 29 to Wednesday, November 5). Price changes ranged from a decrease of $1.76 at the Waha Hub to an increase of $0.42 at the Algonquin Citygate. Prices were mixed this week in Texas. Prices changed little at the Houston Ship Channel, down $0.02/MMBtu. Average temperatures in Texas fell 10°F to 59°F this report week, 3°F less than normal, leading to 131 heating degree days (HDDs), 113 more than last week and 51 more than normal. There were 0 CDDs, 93 CDDs fewer than last week. Texas demand reflected shifting temperatures. Natural gas consumption in the electric power sector fell 1.1 billion cubic feet per day (Bcf/d), which was partially offset by a 0.3 Bcf/d increase in residential and commercial sector demand, according to LSEG Data. The Waha Hub price in West Texas decreased $1.76 this report week, from $0.74/MMBtu last Wednesday to -$1.02/MMBtu yesterday. The Waha Hub traded $4.53 below the Henry Hub price yesterday, compared with last Wednesday when it traded $2.62 below the Henry Hub price. Robust production and maintenance events contributed to falling Waha prices. Maintenance affecting gas takeaway capacity in the Permian over the past week included capacity reductions on the El Paso Natural Gas Pipeline (EPNG) limiting westbound flows out of Texas from the Permian Basin, Transco’s unplanned maintenance affecting southbound flows, and pipeline integrity assessments affecting northbound flows. International futures prices: International natural gas futures prices decreased slightly 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 6 cents to a weekly average of $11.13/MMBtu. Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands decreased 17 cents to a weekly average of $10.69/MMBtu. In the same week last year (week ending November 6, 2024), the prices were $13.52/MMBtu in East Asia and $12.79/MMBtu at TTF.
Liquefied Natural Gas (LNG)
Vessels departing U.S. ports: Thirty-four LNG vessels with a combined LNG-carrying capacity of 128 billion cubic feet (Bcf) departed the United States between October 30 and November 5, according to shipping data provided by Bloomberg Finance, L.P.: Nine tankers from Sabine Pass, Six from Plaquemines, Five from Corpus Christi, Four from Cameron, Three each from Freeport and Calcasieu Pass, Two each from Cove Point and Elba Island.
Storage
Net injections into storage totaled 33 Bcf for the week ending October 31, compared with the five-year (2020–24) average net injections of 42 Bcf and last year’s net injections of 68 Bcf during the same week. Working natural gas stocks totaled 3,915 Bcf, which is 162 Bcf (4%) more than the five-year average and 6 Bcf (less than 1%) lower than last year at this time. Working gas natural gas stocks exceed the five-year average in all regions except the East.