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Natural Gas Prices Moderate to Close Year on High Output

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Published: January 1, 2026

Production Strength

US natural gas production remains at all-time highs, driven by associated gas from oil drilling. This abundant supply is keeping a lid on prices despite record LNG export volumes.

LNG Export Floor

Structural demand from LNG terminals prevents prices from collapsing. With export capacity fully utilized, the US remains a critical supplier to global markets, creating a price floor near $3.50.