Prices
Henry Hub spot price: The Henry Hub spot price rose 33 cents from $3.60 per million British thermal units (MMBtu) last Wednesday to $3.93/MMBtu yesterday. Henry Hub futures price: The price of the December 2025 NYMEX contract increased 2 cents, from $4.533/MMBtu last Wednesday to $4.550/MMBtu yesterday. The average price of the 12-month futures strip from December 2025 through November 2026 declined 2 cents to $4.175/MMBtu. Select regional spot prices: Natural gas spot prices rose at most locations this report week (Wednesday, November 12 to Wednesday, November 19). Price changes ranged from a decrease of 77 cents at the Waha Hub to an increase of 81 cents at Northwest Sumas. Natural gas prices on the West Coast increased this week. At Northwest Sumas, the primary pricing point for natural gas in the Pacific Northwest, the price rose by 81 cents, from $1.67/MMBtu last Wednesday to $2.48/MMBtu yesterday. The average temperature in the Seattle City area fell 1°F this report week, leading to 95 heating degree days (HDDs), up from 91 HDDs the previous week. Daily average temperatures trended lower from an intraweek high of 55°F last Thursday and Saturday to an intraweek low of 47°F on Tuesday. Spot natural gas prices rose at California’s Citygate trading points. The price at PG&E Citygate in Northern California rose 33 cents, up from $3.82/MMBtu last Wednesday to $4.15/MMBtu yesterday. The price at SoCal Citygate in Southern California increased 13 cents from $4.06/MMBtu last Wednesday to $4.19/MMBtu yesterday. Average temperatures in California fell 8°F this report week to 56°F, leading to 64 HDDs, 50 HDDs more than last report week. Natural gas consumption in California rose 19% (0.8 billion cubic feet per day) this report week, according to LSEG Data. International futures prices: International natural gas futures prices increased this report week. According to Bloomberg Finance, L.P., weekly average front-month futures prices for liquefied natural gas (LNG) cargoes in East Asia increased 21 cents to a weekly average of $11.35/MMBtu. Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands increased 2 cents to a weekly average of $10.59/MMBtu. In the same week last year (week ending November 20, 2024), the prices were $14.17/MMBtu in East Asia and $14.38/MMBtu at TTF.
Liquefied Natural Gas (LNG)
Vessels departing U.S. ports: Thirty-four LNG vessels with a combined LNG-carrying capacity of 129 billion cubic feet (Bcf) departed the United States between November 13 and November 19, according to shipping data provided by Bloomberg Finance, L.P.: Eight tankers from Sabine Pass, Six each from Plaquemines and Corpus Christi, Five from Freeport, Four from Cameron, Three from Calcasieu Pass, Two from Cove Point.
Storage
Net withdrawals from storage totaled 14 Bcf for the week ending November 14, compared with the five-year (2020–24) average net injections of 12 Bcf and last year’s net injections of 3 Bcf during the same week. Working natural gas stocks totaled 3,946 Bcf, which is 146 Bcf (4%) more than the five-year average and 23 Bcf (1%) lower than last year at this time. This net withdrawal was the first for the Lower 48 states in the 2025–26 winter heating season.