- Liquidity Natural Gas Daily
- Posts
- Natural Gas Update February 18,2026
In partnership with
February 24, 2026
Overview
Natural Gas--NG is down 5.2 cents at $2.979
NG spot futures have yet again tested $3 as weak near term weather demand remains in focus, as does strong US gas production, even as feedgas volume has been boosted by Golden Pass' facility.
Short-term weather forecasts show warming trends, but the possibility of a shot of cold weather remains, according to EBW Analytics Group. On Tuesday, the Commodity Weather Group said above-normal temperatures are expected across the eastern half of the US through February 21, while mostly normal seasonal weather is expected across the country through February 28.
The drop in NG futures the past 2 sessions comes even as the Golden Pass LNG plant is ramping up production. Monday's feedgas demand to the plant was 0.35 BCF/d, up from 0.13 BCF/d on Sunday. Celsius Energy says that this ramping up of volume is 2-3 weeks early, which they add is bullish.
BNEF estimates that on Monday, the US Lower 48 states dry gas production stood at 114.25 BCF/d, down from the previous day of 114.85 BCF/d. But, over the weekend, natural gas production nearly topped the December 19th record of over 114.967 BCF/d, reaching 114.907 BCF/d on Saturday February 14.
TTF spot futures have fallen to their lowest value today since January 12. Milder weather forecasts, including the potential for warmer and windier conditions in the coming days, have offset concerns around low inventories. In addition, slower Asian demand amid ongoing holidays and stronger LNG imports into northwest Europe this month have weighed further on prices. ING adds :" Gas storage levels stood at 33% of capacity as of 16 February, well below the five‑year average of 49% and last year’s level of 44% at this point in the season."
Technically NG momentum looks to be trying to turn upward from oversold condition, even as prices slump today. Support below comes in at 2.893-2.897. Resistance is seen at 3.147-3.149. There is a large gap on the daily March NG chart from 2.854 down to 2.739.
Enjoyed this article?
Subscribe to never miss an issue. Daily updates provide a comprehensive analysis of both the fundamentals and technical factors driving energy markets.
Click below to view our other newsletters on our website:
Know What Matters in Tech Before It Hits the Mainstream
By the time AI news hits CNBC, CNN, Fox, and even social media, the info is already too late. What feels “new” to most people has usually been in motion for weeks — sometimes months — quietly shaping products, markets, and decisions behind the scenes.
Forward Future is a daily briefing for people who want to stay competitive in the fastest evolving technology shift we’ve ever seen. Each day, we surface the AI developments that actually matter, explain why they’re important, and connect them to what comes next.
We track the real inflection points: model releases, infrastructure shifts, policy moves, and early adoption signals that determine how AI shows up in the world — long before it becomes a talking point on TV or a trend on your feed.
It takes about five minutes to read.
The insight lasts all day.
Disclaimer
This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
Reply