Gas futures for May on the New York Mercantile Exchange rose 4.4 cents, or 1.6%, to $2.851 per million British thermal units.
Increased exports
The London Stock Exchange Group said: “Average gas production in the US mainland has risen to 111.4 billion cubic feet per day so far in April, up from 110.4 billion in March.”.
This compares to a monthly high of 110.7 billion cubic feet per day in December 2025.
Average gas flows to the nine major U.S. liquefied natural gas export terminals have risen to 19.1 billion cubic feet per day so far in April, up from 18.6 billion in March.
This compares to the monthly record of 18.7 billion cubic feet per day in February.
Qatari supplies halted
The war in Iran caused global gas prices to rise due to the cessation of liquefied natural gas supplies from Qatar, which sold about 10 billion cubic feet per day of liquefied natural gas in 2025, representing about 20% of the world's gas supply.
However, gas prices in the United States were not affected by the war in Iran to the same extent as elsewhere. This is because the United States produces all the gas it needs domestically.
