# Natural Gas Futures Break Below $3 as LNG Feedgas, Utility Demand Retreat

> 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.

- Date: 2026-07-10 · published 2026-07-10T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/8663-natural-gas-futures-break-below-3-as-lng-feedgas-utility-demand-retreat
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-06-14 | [Natural Gas Prices Blunted By LNG Demand Loss But Fundamentals Remain Tight](https://feedsoft.ai/events/6805-natural-gas-prices-blunted-by-lng-demand-loss-but-fundamentals-remain-tight.md) | -23.8% | -24.1% |
| NATGAS | 2022-06-14 | [Natural gas plummets as Freeport delays facility restart following explosion](https://feedsoft.ai/events/6799-natural-gas-plummets-as-freeport-delays-facility-restart-following-explosion.md) | -23.8% | -24.1% |
| NATGAS | 2022-06-14 | [Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility](https://feedsoft.ai/events/6800-natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility.md) | -23.8% | -24.1% |
| NATGAS | 2026-07-09 | [US Natural Gas Prices Drop To Six Week Low](https://feedsoft.ai/events/8665-us-natural-gas-prices-drop-to-six-week-low.md) | -9.8% | -16.6% |
| NATGAS | 2022-06-14 | [US Natural Gas Slumps as Texas LNG Plant Shutdown Strands Supplies - Bloomberg](https://feedsoft.ai/events/41138-us-natural-gas-slumps-as-texas-lng-plant-shutdown-strands-supplies-bloomberg.md) | -23.8% | -24.1% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/natural-gas-futures-break-below-3-as-lng-feedgas-utility-demand-retreat/

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