Natural gas prices rose by 9.1% to ₹387.3 due to record flows to LNG export facilities and higher-than-expected demand forecasts for next week. Despite near-record output and mild weather projections, gas demand in the Lower 48 states is expected to fall from 118.8 bcfd this week to 115.2 bcfd next week.
Weather forecasts indicate temperatures across the Lower 48 states will remain above normal until March 19. U.S. utilities are pulling 261 bcf from storage for the week ending February 21, reducing total inventories to 1,840 bcf.
The EIA projects record U.S. natural gas output and demand in 2025, with dry gas production expected to rise to 104.6 bcfd and LNG exports reaching 14.0 bcfd.
