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August natural gas futures fell below $3 per mmBtu on July 10, 2026, after Freeport LNG began major maintenance that cut feedgas by 0.5 Bcf/d. The outage is scheduled to run until late August.
Utility nominations were also set to fall sharply as weather demand eased.
Freeport's maintenance removes LNG feedgas demand for about six weeks, and softer utility burn adds to the decline. The combined loss of demand points to continued pressure on gas prices.
naturalgasintel.comChris NewmanJul 10, 2026After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% 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.
