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News•Feb 26, 2026
MidDay Snapshot: Natural Gas Cash Slides on Weak Demand Indicators
Natural gas cash prices slipped on Thursday as the front‑month April NYMEX contract lost ground. Spot gas for Friday‑Saturday delivery fell 30.5 cents to $2.040 per MMBtu, reflecting unseasonably mild weather forecasts. The price decline was amplified by a razor‑thin storage deficit that has almost vanished relative to the five‑year average. Traders now see weaker demand as a near‑term headwind for the market.
By Natural Gas Intelligence (NGI)
News•Feb 25, 2026
Dawn Hub Prices Remain Elevated as Ontario Storage Trends Near Seasonal Floor
Ontario natural gas storage remains well below the five‑year average, sitting 27.7 Bcf short and driving Dawn hub prices higher as winter ends. Seasonal withdrawals are the third‑largest on record, with the March exit projected near 60 Bcf. The forward price curve...
By Natural Gas Intelligence (NGI)
News•Feb 23, 2026
Market Open: Gas Futures Climb Ahead of March Expiration as Weather Drives Trade
Natural gas futures for March surged early Monday as cold‑weather forecasts sparked heightened demand and a short‑covering rally. Prices tested key resistance levels ahead of the contract's Thursday expiration, prompting analysts to warn of increased volatility. While the immediate upside...
By Natural Gas Intelligence (NGI)
News•Feb 20, 2026
Permian Plunge Pressures Natural Gas Forward Curve as Northeast Premiums Fade
Permian’s Waha hub price plunged more than 50 cents per MMBtu, pushing the natural‑gas forward curve into negative territory through mid‑2026. At the same time, Northeast gas premiums retreated despite forecasts of a cold weekend, narrowing the regional price spread. Western...
By Natural Gas Intelligence (NGI)
News•Feb 18, 2026
Golden Pass LNG Activity Normalizes; Permian Lateral Cleared to Proceed
Golden Pass LNG’s gas nominations have settled back to average levels after a brief surge, now hovering around 1.5% of the terminal’s capacity. The project received approval to construct a 1.1‑mile, 42‑inch lateral linking the facility to the Permian Basin,...
By Natural Gas Intelligence (NGI)
News•Feb 18, 2026
TC Energy Forecasts Natural Gas Demand Surge Equivalent to Entire European Market
TC Energy projects North American natural‑gas demand will rise by 45 Bcf/d by 2035, a volume comparable to the entire European market. The surge is attributed to accelerating LNG exports, expanding power‑generation capacity, and heightened reliability requirements for distribution utilities. Midwest...
By Natural Gas Intelligence (NGI)
News•Feb 18, 2026
EQT Chief Calls for Reforms After Blowout Natural Gas Spot Prices During Winter Storm Fern
Winter Storm Fern caused U.S. natural‑gas spot prices to surge above $80 per MMBtu, marking one of the highest spikes on record. EQT Corp.’s MVP system operated at full capacity, but the event highlighted the strain on existing pipeline infrastructure....
By Natural Gas Intelligence (NGI)
News•Feb 17, 2026
East Coast LNG Export Ambitions Fade Further as Another Project Stalls
The Penn LNG export terminal in eastern Pennsylvania appears increasingly unlikely after the project's developer dissolved its corporate entity, halting any progress. Despite earlier claims that the project was still advancing, no permits, financing, or construction milestones have materialized. The...
By Natural Gas Intelligence (NGI)
News•Feb 13, 2026
New England Receives Another LNG Import Cargo as Winter Takes Its Toll
The Excelerate Shenandoah delivered a full LNG cargo from Trinidad’s Atlantic terminal to the Everett import facility in Boston Harbor. The shipment marks the fourth cargo received at Everett this winter, adding to a total of six deliveries last winter and...
By Natural Gas Intelligence (NGI)
News•Feb 12, 2026
Spot Prices Wrap: Midwest Strength Fails to Offset Broad Spot Gas Weakness
Natural‑gas spot prices surged as freezing temperatures drove heating demand, but the rally was tempered by broader market weakness. Midwest hub prices posted gains, yet they were insufficient to lift the overall bias, which slipped lower across most regions. Forecasts...
By Natural Gas Intelligence (NGI)
News•Feb 12, 2026
Futures Settle: Natural Gas Pops, Then Drops After Storage Data
Natural‑gas futures surged early Thursday after the Energy Information Administration reported a 249 Bcf net withdrawal for the week ending Feb. 6, marking a second consecutive week of above‑average draws. The data lifted front‑month prices as traders priced in tighter supplies, but...
By Natural Gas Intelligence (NGI)
News•Feb 12, 2026
TotalEnergies Expects Mexico’s Energía Costa Azul LNG Terminal to Enter Service This Year
TotalEnergies announced that Mexico’s Energía Costa Azul LNG terminal is expected to enter service later this year, adding a new export hub on the Pacific coast. The company projects a total LNG output of 44 Mt per year from its combined...
By Natural Gas Intelligence (NGI)
News•Feb 12, 2026
MidDay Snapshot: Natural Gas Cash Prices Diverge by Region
Natural gas cash prices showed regional divergence on Thursday, with the Henry Hub benchmark rising to $3.425 per MMBtu, up 18 cents, while the NGI Spot Gas National Average slipped 2 cents to $2.955 per MMBtu. The overall market trend...
By Natural Gas Intelligence (NGI)
News•Feb 12, 2026
Natural Gas Forwards Soften Again, But Basis Strength Signals Risk of Regional Volatility
U.S. natural‑gas forward prices slipped again this week as the market eases from the January cold snap. Prompt‑month contracts fell 26.7 cents, while regional basis spreads showed mixed movement. SoCal Citygate basis peaked near $1.90/MMBtu for 2028 deliveries, whereas Malin remained...
By Natural Gas Intelligence (NGI)