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- Natural Gas Update October 14,2025
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Overview
Natural Gas --- NG is 7.8 cents at $3.040
NG futures are lower as one market analyst's comment sums up pricing: “Yet until colder weather arrives, it may remain difficult for natural gas to sustain a break higher.”
November NG was stronger than the rest of the winter strip in Monday's activity. Was this a result of some short covering based on the index roll that ended Monday, thus seeing buying of November against selling of January contracts? November settled up 1.2 cents, while December settled down 1.8 cents, while January settled down 1.1 cents, February down 0.8 cents and march down 0.5 cents.
Analysts from Enverus estimate that the Haynesville region ( of Eastern Texas and Northern Louisiana) now holds only about 614 top-tier drilling locations, roughly one year’s worth of prime wells. Producers have extracted most of the “sweet spots,” forcing them to either accept thinner returns or wait for prices to rise. To sustain export and domestic demand simultaneously, Haynesville would need to raise production by one-third, covering roughly 40% of the expected LNG expansion. That would require prices near $5.00 per MMBtu, well above the current $3.00 mark, to make less-productive areas economical. The Permian Basin, rich in associated gas, continues to flare and choke back production because of limited takeaway capacity. Meanwhile, the massive Appalachian Basin in the Northeast is hampered by political and environmental hurdles that block new pipelines to the Gulf Coast. This bottleneck forces LNG terminals in Louisiana and Texas to lean disproportionately on Haynesville volumes. Without fresh investment in midstream infrastructure, those pipelines risk becoming the weak link that curtails export growth. One gas producing company executive says : " The balance is delicate: an extra $1 increase in gas prices could make U.S. LNG less competitive globally, but without that premium, domestic output cannot sustain the export surge." (TradingNews.com)
Technically NG futures have negative momentum basis the DC chart. Support at 3.021-3.023 has been tested today with a low of 3.020. Next support is then at 2.960-2.964, with a gap to fill on the DC chart down to 2.944. Near term resistance is seen at 3.130-3.138.
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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
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