Today in Energy
Recent Today in Energy analysis of natural gas markets is available on the EIA website.
Market Highlights:
(For the week ending Wednesday, August 20, 2025)Prices
- Henry Hub spot price: The Henry Hub spot price fell 11 cents from $2.92 per million British thermal units (MMBtu) last Wednesday to $2.81/MMBtu yesterday.
- Henry Hub futures price: The price of the September 2025 NYMEX contract decreased 8 cents, from $2.828/MMBtu last Wednesday to $2.752/MMBtu yesterday. The price of the 12-month strip averaging September 2025 through August 2026 futures contracts declined 7 cents to $3.501/MMBtu.
- Select regional spot prices: Natural gas spot prices fell at most locations this report week (Wednesday, August 13, to Wednesday, August 20). Price changes ranged from a decrease of 76 cents at Algonquin Citygate to an increase of $1.67 at Northwest Sumas.
- Prices across the West Coast rose this report week. The price at Northwest Sumas on the Canada-Washington border, the main pricing point for natural gas in the Pacific Northwest, rose $1.67 from $0.53/MMBtu last Wednesday to $2.20/MMBtu yesterday. The price at SoCal Citygate in Southern California increased 45 cents from $3.33/MMBtu last Wednesday to $3.78/MMBtu yesterday. Average temperatures in the Riverside Area, inland from Los Angeles, fell to an intraweek low of 74°F on Saturday before rising to an intraweek high of 83°F on Wednesday, 3°F higher than normal. The price at PG&E Citygate in Northern California rose 29 cents, up from $3.11/MMBtu last Wednesday to $3.40/MMBtu yesterday. Temperatures in the Sacramento Area followed a similar upward trend, reaching an intraweek low of 72°F on Sunday before rising to an intraweek high of 78°F yesterday, 3°F higher than normal. The California electric power sector consumed 2.4 billion cubic feet per day (Bcf/d) of natural gas on August 20, the highest volume since October 8, 2024, according to data from S&P Global Commodity Insights.
- International futures prices: International natural gas futures prices decreased 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 58 cents to a weekly average of $11.35/MMBtu. Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands decreased 40 cents to a weekly average of $10.78/MMBtu. In the same week last year (week ending August 21, 2024), the prices were $13.90/MMBtu in East Asia and $12.60/MMBtu at TTF. Top
- Supply: According to data from S&P Global Commodity Insights, the average total supply of natural gas rose by 0.4% (0.5 Bcf/d) compared with the previous report week. Dry natural gas production grew by 0.6% (0.7 Bcf/d) to average 107.4 Bcf/d, and average net imports from Canada decreased by 3.5% (0.2 Bcf/d) from last week.
- Demand: Total U.S. consumption of natural gas rose by 0.2% (0.2 Bcf/d) compared with the previous report week, according to data from S&P Global Commodity Insights. Natural gas consumed for power generation rose by 1.0% (0.5 Bcf/d) week over week, with warmer temperatures observed across the country. Consumption in the industrial sector decreased by 0.3% (0.1 Bcf/d) week over week, and consumption in the residential and commercial sector declined by 2.7% (0.2 Bcf/d). Natural gas exports to Mexico decreased 2.6% (0.2 Bcf/d). Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 15.5 Bcf/d, or 1.3 Bcf/d lower than last week.
Daily spot prices by region are available on the EIA website.
Supply and Demand
Liquefied Natural Gas (LNG)
- Pipeline receipts: Average natural gas deliveries to U.S. LNG export terminals fell 1.3 Bcf/d from last week to 15.5 Bcf/d, according to data from S&P Global Commodity Insights. Natural gas deliveries to terminals in South Louisiana fell 7.0% (0.8 Bcf/d); natural gas deliveries to terminals in South Texas fell by 12.2% (0.5 Bcf/d). Natural gas deliveries to terminals outside the Gulf Coast remained essentially unchanged at 1.1 Bcf/d this week.
- Vessels departing U.S. ports: Thirty-one LNG vessels with a combined LNG-carrying capacity of 116 Bcf departed the United States between August 14 and August 20, according to shipping data provided by Bloomberg Finance, L.P.:
- Eight tankers from Sabine Pass
- Six from Plaquemines
- Five from Corpus Christi
- Four from Freeport
- Three from Cameron
- Two each from Cove Point and Calcasieu Pass
- One from Elba Island
Rig Count
- According to Baker Hughes, for the week ending Tuesday, August 12, the natural gas rig count decreased by 1 rig from a week ago to 122 rigs. The Eagle Ford added one rig, and one rig was added among unidentified producing regions. The Haynesville, the Permian, and the Utica each dropped one rig. The number of oil-directed rigs increased by 1 rig to 412 rigs. The Utica added one rig, and one rig was added among unidentified producing regions. The Mississippian dropped one rig. The total rig count, which includes 5 miscellaneous rigs, now stands at 539 rigs, 50 fewer rigs than at this time last year.
Storage
- Net injections into storage totaled 13 Bcf for the week ending August 15, compared with the five-year (2020–24) average net injections of 35 Bcf and last year's net injections of 29 Bcf during the same week. Working natural gas stocks totaled 3,199 Bcf, which is 174 Bcf (6%) more than the five-year average and 95 Bcf (3%) lower than last year at this time.
- According to The Desk survey of natural gas analysts, estimates of the weekly net change to working natural gas stocks ranged from net injections of 13 Bcf to 32 Bcf, with a median estimate of 19 Bcf.
- The average rate of injections into storage is 20% 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 9.5 Bcf/d for the remainder of the refill season, the total inventory would be 3,927 Bcf on October 31, which is 174 Bcf higher than the five-year average of 3,753 Bcf for that time of year.
See also:
Top

Spot Prices ($/MMBtu) | Thu, 14-Aug |
Fri, 15-Aug |
Mon, 18-Aug |
Tue, 19-Aug |
Wed, 20-Aug |
---|---|---|---|---|---|
Henry Hub |
2.77 |
2.97 |
2.96 |
2.86 |
2.81 |
New York |
2.61 |
2.60 |
2.32 |
2.23 |
2.03 |
Chicago |
2.64 |
2.74 |
2.71 |
2.63 |
2.55 |
Cal. Comp. Avg.* |
2.75 |
2.77 |
2.85 |
2.98 |
3.20 |
*Avg. of NGI's reported prices for: Malin, PG&E Citygate, and Southern California Border Avg. | |||||
Data source: NGI's Daily Gas Price Index |

U.S. natural gas supply - Gas Week: (8/14/25 - 8/20/25) | |||
---|---|---|---|
Average daily values (billion cubic feet) |
|||
this week |
last week |
last year |
|
Marketed production | 121.4 |
120.6 |
115.1 |
Dry production | 107.4 |
106.7 |
101.8 |
Net Canada imports | 5.2 |
5.4 |
6.1 |
LNG pipeline deliveries | 0.0 |
0.0 |
0.1 |
Total supply | 112.6 |
112.1 |
108.0 |
Data source: S&P Global Commodity Insights |
U.S. natural gas consumption - Gas Week: (8/14/25 - 8/20/25) | |||
---|---|---|---|
Average daily values (billion cubic feet) |
|||
this week |
last week |
last year |
|
U.S. consumption | 76.3 |
76.1 |
78.5 |
Power | 45.7 |
45.2 |
48.1 |
Industrial | 21.7 |
21.8 |
22.3 |
Residential/commercial | 8.9 |
9.1 |
8.1 |
Mexico exports | 7.3 |
7.5 |
7.1 |
Pipeline fuel use/losses | 7.0 |
7.0 |
6.9 |
LNG pipeline receipts | 15.5 |
16.8 |
12.9 |
Total demand | 106.1 |
107.4 |
105.3 |
Data source: S&P Global Commodity Insights |


Rigs | |||
---|---|---|---|
Tue, August 12, 2025 |
Change from |
||
last week
|
last year
|
||
Oil rigs |
412
|
0.2%
|
-14.7%
|
Natural gas rigs |
122
|
-0.8%
|
24.5%
|
Note: Excludes any miscellaneous rigs |
Rig numbers by type | |||
---|---|---|---|
Tue, August 12, 2025 |
Change from |
||
last week
|
last year
|
||
Vertical |
13
|
-7.1%
|
-23.5%
|
Horizontal |
471
|
0.0%
|
-9.6%
|
Directional |
55
|
1.9%
|
14.6%
|
Data source: Baker Hughes Company |
Working gas in underground storage | ||||
---|---|---|---|---|
Stocks billion cubic feet (Bcf) |
||||
Region |
2025-08-15 |
2025-08-08 |
change |
|
East |
690 |
677 |
13 |
|
Midwest |
812 |
796 |
16 |
|
Mountain |
255 |
253 |
2 |
|
Pacific |
301 |
305 |
-4 |
|
South Central |
1,141 |
1,154 |
-13 |
|
Total |
3,199 |
3,186 |
13 |
|
Data source: U.S. Energy Information Administration Form EIA-912, Weekly Underground Natural Gas Storage Report Note: Totals may not equal sum of components because of independent rounding. |
Working gas in underground storage | |||||
---|---|---|---|---|---|
Historical comparisons |
|||||
Year ago 8/15/24 |
5-year average 2020-2024 |
||||
Region | Stocks (Bcf) |
% change |
Stocks (Bcf) |
% change |
|
East |
733 |
-5.9 |
689 |
0.1 |
|
Midwest |
885 |
-8.2 |
812 |
0.0 |
|
Mountain |
263 |
-3.0 |
203 |
25.6 |
|
Pacific |
288 |
4.5 |
265 |
13.6 |
|
South Central | 1,125 |
1.4 |
1,055 |
8.2 |
|
Total | 3,294 |
-2.9 |
3,025 |
5.8 |
|
Data source: U.S. Energy Information Administration Form EIA-912, Weekly Underground Natural Gas Storage Report
Note: Totals may not equal sum of components because of independent rounding. |
Temperature – heating & cooling degree days (week ending Aug 14) | ||||||||
---|---|---|---|---|---|---|---|---|
HDDs |
CDDs |
|||||||
Region | Current total |
Deviation from normal |
Deviation from last year |
Current total |
Deviation from normal |
Deviation from last year |
||
New England | 1 |
-2 |
-3 |
61 |
22 |
36 |
||
Middle Atlantic | 1 |
-2 |
-1 |
66 |
13 |
28 |
||
E N Central | 0 |
-5 |
-9 |
81 |
31 |
57 |
||
W N Central | 0 |
-3 |
-15 |
72 |
9 |
46 |
||
South Atlantic | 0 |
0 |
0 |
91 |
-2 |
-11 |
||
E S Central | 0 |
0 |
0 |
98 |
8 |
14 |
||
W S Central | 0 |
0 |
0 |
131 |
8 |
-2 |
||
Mountain | 1 |
-3 |
-3 |
89 |
18 |
11 |
||
Pacific | 0 |
-2 |
0 |
67 |
22 |
0 |
||
United States | 0 |
-2 |
-4 |
84 |
14 |
18 |
||
Data source: National Oceanic and Atmospheric Administration Note: HDDs=heating degree days; CDDs=cooling degree days |
Average temperature (°F)
7-day mean ending Aug 14, 2025

Data source: National Oceanic and Atmospheric Administration
Deviation between average and normal temperature (°F)
7-day mean ending Aug 14, 2025

Data source: National Oceanic and Atmospheric Administration
Monthly U.S. dry shale natural gas production by formation is available in the
Short-Term Energy Outlook.