# Natural Gas Market Indicators - June 26, 2024 - American Gas Association

> Record heat across central and eastern US cities drove a surge in electricity demand and natural gas consumption, with New England relying mostly on gas for power. US LNG exports have grown strongly and the US is now the largest LNG exporter. July Henry Hub contracts were $2.80 per MMBtu as of June 26.

- Date: 2024-06-26 · published 2024-06-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/29957-natural-gas-market-indicators-june-26-2024-american-gas-association
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Heat-driven power burn tightens US gas balances and supports prices, which feeds into fertilizer and ethanol production costs. Strong LNG export pull links US domestic prices more closely to global markets.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2025-02-14 | [Natural Gas Market Indicators - February 14, 2025 - American Gas Association](https://feedsoft.ai/events/8692-natural-gas-market-indicators-february-14-2025-american-gas-association.md) | +8.0% | -0.3% |
| NATGAS | 2022-11-07 | [Natural gas prices jump 8% as inflation fears resurface - IG UK](https://feedsoft.ai/events/7578-natural-gas-prices-jump-8-as-inflation-fears-resurface-ig-uk.md) | +5.0% | -4.9% |
| NATGAS | 2024-11-12 | [Natural Gas Prices Soar as Hurricane Disruptions and Rising LNG Demand Shake Markets](https://feedsoft.ai/events/7030-natural-gas-prices-soar-as-hurricane-disruptions-and-rising-lng-demand-shake.md) | +32.3% | +61.1% |
| NATGAS | 2020-09-14 | [Natural Gas Ends Higher on Storm Concerns -- Market Talk - WSJ](https://feedsoft.ai/events/6768-natural-gas-ends-higher-on-storm-concerns-market-talk-wsj.md) | -14.6% | +18.7% |
| NATGAS | 2022-02-02 | [U.S. Natural Gas Skyrockets as Market Awaits Freeze-Offs \| Financial Post](https://feedsoft.ai/events/9224-u-s-natural-gas-skyrockets-as-market-awaits-freeze-offs-financial-post.md) | -16.0% | -7.5% |

## Sources

- aga.org: https://www.aga.org/research-policy/resource-library/natural-gas-market-indicators-june-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.