While natural gas prices took a hit and dropped close to 4% on Thursday, they still have made some gains in the past several days.
In a weekly report, the U.S. Energy Information administration reported:
- Henry Hub spot price: The Henry Hub spot price rose 65 cents from $2.80 per million British thermal units (MMBtu) last Wednesday to $3.45/MMBtu yesterday.
- Henry Hub futures price: The price of the November 2025 NYMEX contract increased 43 cents, from $3.016/MMBtu last Wednesday to $3.450/MMBtu yesterday. The price of the 12-month strip averaging November 2025 through October 2026 futures contracts climbed 22 cents to $3.904/MMBtu.
- Select regional spot prices: Natural gas spot prices rose at most locations this report week (Wednesday, October 15 to Wednesday, October 22). Price changes ranged from a decrease of 81 cents at Northwest Sumas to an increase of 89 cents at the Algonquin Citygate.
- Prices in the Northeast increased this report week, supported by higher regional consumption. At the Algonquin Citygate, which serves Boston-area consumers, the price rose 89 cents from $2.29/MMBtu last Wednesday to $3.18/MMBtu yesterday. At the Transco Zone 6 NY trading point for New York City, the price increased 85 cents from $2.18/MMBtu last Wednesday to $3.03/MMBtu yesterday. Total consumption of natural gas increased slightly this week in the Northeast amid warmer temperatures, driven by a 7% (0.3 billion cubic feet per day [Bcf/d]) increase in consumption in the electric power sector, according to LSEG Data. Temperatures in the Boston Area averaged 56°F this week, resulting in 58 heating degree days, or 16 fewer than last week. Kinder Morgan posted an operational flow order restricting flows on segments of the Tennessee Gas Pipeline (TGP) that delivers natural gas to the Northeast.
- According to Baker Hughes, for the week ending Tuesday, October 14, the natural gas rig count increased by 1 rig from a week ago to 121 rigs. The Arkoma Woodford, the Eagle Ford, and the Permian each added one rig. Two rigs were dropped among unidentified producing regions. The number of oil-directed rigs remained unchanged from last week at 418 rigs. The Cana Woodford, the DJ-Niobrara, the Granite Wash, and the Mississippian each added one rig. The Eagle Ford dropped one rig, and three rigs were dropped among unidentified producing regions. The total rig count, which includes 9 miscellaneous rigs, now stands at 548 rigs, 37 fewer than at this time last year.
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Liquefied Natural Gas (LNG)
- Vessels departing U.S. ports: Thirty-two LNG vessels with a combined LNG-carrying capacity of 122 billion cubic feet (Bcf) departed the United States between October 16 and October 22, according to shipping data provided by Bloomberg Finance, L.P.:
- Eight tankers from Sabine Pass
- Six from Plaquemines
- Five each from Corpus Christi and Freeport
- Four from Cameron
- Two each from Cove Point and Calcasieu Pass
- Vessels departing U.S. ports: Thirty-two LNG vessels with a combined LNG-carrying capacity of 122 billion cubic feet (Bcf) departed the United States between October 16 and October 22, according to shipping data provided by Bloomberg Finance, L.P.:
