This surplus has kept domestic Henry Hub prices near $3, whereas buyers in Asia pay approximately $25.8/MMBtu, creating a spread of $22.8. US cargoes now provide 62% of the LNG imported by Europe this year, as Qatar's supplies remain mostly offline. This output volume positions US exports as the primary swing supply for global markets.
Tuesday, October 20, 2026
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US Gas Withdrawals Hit Record 137 Bcf/d in July
Commodities18 days ago
The Permian Basin drove a spike in American energy output through the deployment of new wells and pipeline capacity. Gross natural gas withdrawals reached a record 137 Bcf/d in July, while dry and marketed gas production also hit all-time highs, according to EIA data. Texas and New Mexico increased their output by 1.7 Bcf/d in a single month, aided by the early summer launch of the Hugh Brinson pipeline which transports gas to Gulf Coast LNG terminals.
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