NG Natural gas
Henry Hub natural gas, USD per MMBtu, pooled from 24/7 venue perps. ("GAS" on crypto venues is the NEO Gas token, not this.)
What matters nowUpdated 7 h ago
- Hurricane Isaias, the first hurricane of the 2026 Atlantic season, led a US offshore regulator to report on October 8 that about 62.9% of Gulf of Mexico oil output and 57.4% of gas output had been shut in, with personnel evacuated from 121 production platforms 1.
- The NG pooled 24/7 venue price (six venues) was $3.4265 at 11:53 UTC on October 13, down 0.595% from the prior close of $3.447, after a 6.59% jump on October 7 (z-score 3.78) that has no written explanation yet; the candidate events are the Reuters-reported tanker attacks around Hormuz 2 and the October 6 EIA outlook 3, while the September 22 (+5.94%) and September 29 (-3.66%) moves are also unexplained in our records.
- The EIA reported a net injection of 85 Bcf for the week ending October 2, lifting working gas to 3,500 Bcf, which is 68 Bcf (2.0%) above the five-year average and 130 Bcf (3.6%) below a year earlier 4.
- The EIA October outlook projects Henry Hub averaging $3.48/MMBtu in 2026 and $3.16/MMBtu in 2027, a fall of 9%, with US LNG exports of 17.6 Bcf/d in 2026 rising to 18.6 Bcf/d in 2027 3.
- Positioning shows open interest of $70.3M and 24-hour volume of $172.7M across the six venues, with an 8-hour funding value of 0.00557, while no NG fundamentals, insider data or NG-specific odds are recorded.
- The next dated catalyst is the EIA storage report for the week ending October 9 on October 15 at 16:00 UTC, followed by the EIA November outlook on November 10, the EU storage filling window closing December 1 with a 90% target, and the EU full ban on Russian LNG imports from January 1, 2027, while Golden Pass LNG Train 2 start-up is targeted for the second half of 2026 but is not confirmed.
Reuters (via BOE Report) · Oct 8
Reuters (via Al-Monitor) · Oct 7
U.S. Energy Information Administration · Oct 6
U.S. Energy Information Administration · Oct 8
Every venue
| Venue | Price | vs pool | 24h vol | Open int. | Funding 8h |
|---|---|---|---|---|---|
| binance perp NATGASUSDT · just now | 3.60 | +0.01% | $122.6M | $30.8M | 1.0000% |
| hyperliquid perp xyz:NATGAS · just now | 3.62 | +0.40% | $44.5M | $19.2M | 0.7101% |
| bitget perp NATGASUSDT · just now | 3.60 | −0.12% | $12.7M | $19.5M | 1.0000% |
| okx perp NG-USDT-SWAP · just now | 3.61 | +0.12% | $10.4M | $3.8M | 0.9176% |
| lighter perp 158 · just now | 3.62 | +0.53% | $1.4M | $1.1M | 0.6976% |
| aster perp NATGASUSDT · just now | 3.61 | +0.21% | $917.3K | $569.3K | 1.0000% |
| kraken perp PF_NATGASUSD · stale | 3.61 | +0.15% | $53.7K | $212.0K | 0.9383% |
| hyperliquid perp flx:GAS · stale | — | — | — | — | — |
Pooled price = volume-weighted median of venues within 2% of each other. Venue markets for stocks, indices and gold are 24/7 perpetual contracts; they track but are not the official exchange price.
Open interest, 120 days
US$ millions, all venues
Funding, 120 days
Annualised %, OI-weighted. Positive: longs pay shorts.
NewsAll news →
Hurricane Isaias shuts about 63% of US Gulf oil output and 57% of gas
A US offshore regulator reported on October 8 that about 62.9% of current Gulf of Mexico oil output and 57.4% of gas output had been shut in ahead of Hurricane Isaias, the first hurricane of the 2026 Atlantic season.
EIA: storage up 85 Bcf to 3,500 Bcf, 2.0% above five-year average
The EIA's weekly storage report for the week ending October 2, 2026 showed a net injection of 85 Bcf, bringing working gas to 3,500 Bcf.
Attacks on Hormuz tankers in week to October 5 hit highest weekly count of the Iran war
Reuters, citing three maritime security sources, reported at least 12 attacks on oil, LNG and LPG tankers around the Strait of Hormuz in the week from September 28 to October 5.
EIA October outlook: Henry Hub $3.48 in 2026 and $3.16 in 2027
The EIA's October 2026 Short-Term Energy Outlook, released October 6, projects Henry Hub spot averaging $3.48/MMBtu in 2026 and $3.16/MMBtu in 2027, a fall of 32 cents or 9%.
EIA August outlook sees US gas storage 5% above average at end-October
The EIA reported that working gas entered the April 2026 injection season at 1,906 Bcf, 4% above the five-year average.
TTF reaches EUR 82.52/MWh as EU storage lags the seasonal norm
European TTF gas for October 2026 delivery traded at EUR 82.52/MWh on September 14, according to ICE data cited by GMK Center.
Cheniere completes Corpus Christi Stage 3 as seventh train is handed over
Cheniere said on August 31, 2026 that Corpus Christi Liquefaction Stage 3 reached substantial completion on August 28, when Bechtel handed over the seventh and last train.
Army Corps fast-tracks Plaquemines LNG expansion permitting
Insurance Journal reported on August 14, 2026 that the Army Corps of Engineers granted Plaquemines LNG fast-tracked permitting under the national energy emergency and cut the public comment period from 30 days to 10, ending July 2.
ING: TTF back above EUR 60/MWh as EU storage slips to 59.32%
ING reported on August 13, 2026 that European gas firmed back above EUR 60/MWh while EU storage slipped to 59.32% full.
Freeport LNG plans major maintenance from July 10 to late August, cutting LNG export feedgas
On July 9, 2026 Freeport LNG told Reuters it would start major maintenance at its Texas export plant on July 10 and run it through late August.
EIA sees summer 2026 power-sector gas use flat at 43.7 Bcf/d
The EIA's May 2026 Short-Term Energy Outlook put summer 2026 natural gas use for power at 43.7 Bcf/d, flat with summer 2025 and 4% above the 2021 to 2025 summer average.
EIA: US LNG terminals near full capacity; EU storage ended winter at 28%
The EIA said US LNG terminals ran at about 94% of maximum approved export levels in March 2026, which limits how much more gas the US can ship abroad.
Golden Pass LNG ships first cargo from Train 1 in Texas
Golden Pass LNG shipped its first cargo from Train 1 on April 22, 2026, 23 days after first LNG production in March, according to the EIA.
QatarEnergy prepares LNG restart, but full output hinges on Hormuz access
QatarEnergy said it was preparing to resume LNG production, but full output depends on navigation through the Strait of Hormuz, where Iran's navy had warned ships against transit without its consent.
US natural gas futures rise above $3.20 on Gulf LNG disruption
US natural gas futures traded above $3.20/MMBtu on March 12, 2026, the highest level in over a month.