NGSA: US natgas production to reach record levels this winter
According to the Natural Gas Supply Association’s Winter Outlook 2025-2026, U.S. Natural Gas production will reach record levels this winter. This will help meet domestic demand and a growing liquefied gas export market.
This winter, the U.S. Natural Gas Market faces a balance act: increasing supply versus growing demand. The NGSA stated that while production and storage is strong, wildcards could cause price pressure.
The total gas demand for this winter is expected to increase by 4,2 billion cubic feet per days (bcfd), mainly due to LNG exports which will rise by 3,8 bcfd, as new liquefaction capacities come online.
NGSA predicts U.S. supply at a record 108,5 bcfd. This is up by nearly 4 bcfd compared to last winter.
NGSA reported that U.S. storage is starting the season at 3.818 trillion cubic feet (tcf), slightly below the 5-year average but still 3.2% higher than the year-ago level. This reflects strong production until 2025, and relatively modest summer injections.
The industry group said that the energy demand for data centers is expected to continue to rise, from 30 gigawatts in 2024 to more than 41 GW in 2027.
The front-month October gas futures on the New York Mercantile Exchange were 2.8% lower Monday at $2.806 per million British Thermal Units (mmBtu).
(source: Reuters)
