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US Gulf Coast and Canadian LNG feedgas demand has slumped, with LNG Canada running at 984 MMcf/d after an unplanned flaring event. A historic heat wave in the Western Lower 48 is keeping regional spot prices firm, including AECO in Alberta.
Forecasts call for triple-digit temperatures in the Southwest.
Heat-driven power burn is offsetting weak LNG demand, so regional gas prices hold up and the net effect on US energy costs is limited.
naturalgasintel.comAndrew BakerJul 31, 2026After 15 past neutral weather events, Natural Gas moved a median -5.0% over 5 sessions (27% higher; middle half -11.3% to -0.9%), and +4.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
