July 22 (Reuters) - U.S. natural gas futures rose to a near one-week high on Wednesday, supported by summer cooling

demand and gains in oil prices, while investors awaited a federal storage report due this week.

Front-month gas futures for August delivery on the New York Mercantile Exchange settled 6 cents, or 2.1%

higher, at $2.925 per million British thermal units (mmBtu). The U.S. Energy Information Administration's weekly gas

storage report is due on Thursday.

"We've got the summer weather across most of the country, and that's keeping natural gas demand for air

conditioning. Technically, the prices are a little on the oversold condition, meaning we could see a kind of a technical

rally," said Thomas Saal, senior vice president for energy trading at StoneX Financial.

Meteorologists forecast mostly warmer-than-normal temperatures through August 5, with power generators burning lots

of gas to keep air conditioners humming. About 40% of U.S. power generation comes from gas-fired plants.

LSEG projected average gas demand in the Lower 48 states, including exports, would rise slightly from 110.1 bcfd

this week to 110.2 bcfd next week. The forecast for this week was lower than LSEG's outlook on Friday.

Oil prices rose to their highest in almost six weeks, with Brent crude surpassing $95 a barrel, on mounting concerns

about disruptions to Middle East supply routes because of escalating hostilities between the U.S. and Iran and threats

to shipping by the Iran-backed Houthi militia in Yemen.

LSEG said average gas output in the U.S. Lower 48 states rose to 110.4 billion cubic feet per day (bcfd) so far in

July, up from 110.0 bcfd in June, but remained below the monthly record high of 110.6 bcfd in December 2025.

Average gas flows to the nine big U.S. LNG export plants eased to 17.3 bcfd so far in July due in part to

maintenance at Freeport LNG's export plant in Texas, down from 17.4 bcfd in June and the monthly record high of 18.8

bcfd in April.

"We are leaving open the possibility of a significant tightening in supply next month if LNG exports can pick up

again amid what could still prove to be an exceptionally hot summer," consultancy Ritterbusch & Associates said in a

note.

Week ended Week ended Year ago Five-year average

Jul 17 Jul 10 Jul 17 (2021-2025) Jul

Forecast Actual 17

U.S. weekly natgas storage change +35 +41 +27 +30

(bcf):

U.S. total natgas in storage (bcf): 3,059 3,024 3,072 2,873

U.S. total storage versus 5-year +6.5% +6.4%

average

Global Gas Benchmark Futures ($ per Current Day Prior Day This Month Prior Year Five-Year Average

mmBtu) Last Year Average 2025 (2021-2025)

Henry Hub 2.87 2.87 3.30 3.62 3.79

Title Transfer Facility (TTF) 21.48 20.03 9.98 11.94 18.51

Japan-Korea Marker (JKM) 21.34 21.03 12.53 12.24 18.12

LSEG U.S. Global Forecast System (GFS)

Heating, Cooling and Total Degree Days

Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year Norm 30-Year Norm

U.S. GFS Heating Degree Days (HDD) 3 3 2 2 3

U.S. GFS Cooling Degree Days (CDD) 200 239 185 185 177

U.S. GFS Total Degree Days (TDD) 203 242 187 187 180

LSEG U.S. Weekly GFS Supply and Demand

Forecasts

Prior Week Current Week Next Week This Week Last Five-Year

Year (2021-2025)

Average for Month

U.S. Supply (bcfd)

U.S. Lower 48 Dry Production 110.9 110.7 110.9 107.9 101.4

U.S. Imports from Canada 7.9 7.2 7.0 N/A 8.2

U.S. LNG Imports 0.0 0.0 0.0 0.0 0.0

Total U.S. Supply 118.8 117.9 117.9 N/A 109.6

U.S. Demand (bcfd)

U.S. Exports to Canada 2.3 2.3 2.3 N/A 2.3

U.S. Exports to Mexico 7.0 6.9 7.1 N/A 6.6

U.S. LNG Export Feedgas 17.0 16.9 17.5 15.6 11.0

U.S. Commercial 4.3 4.4 4.4 4.4 4.7

U.S. Residential 3.5 3.5 3.5 3.6 3.6

U.S. Power Plant 48.0 46.6 46.0 44.9 46.1

U.S. Industrial 21.6 21.6 21.7 22.2 21.8

U.S. Plant Fuel 5.5 5.5 5.5 5.5 5.3

U.S. Pipe Distribution 2.3 2.2 2.2 2.3 3.2

U.S. Vehicle Fuel 0.1 0.1 0.1 0.1 0.2

Total U.S. Consumption 85.3 83.9 83.4 83.0 84.9

Total U.S. Demand 111.5 110.1 110.2 N/A 104.8

N/A = Not Available

U.S. Northwest River Forecast Center 2026 Current 2026 Prior 2025 % of 2024 2023

(NWRFC) at The Dalles Dam (fiscal year Day % of Day % of Normal % of Normal % of Normal Actual

ending September 30) Normal Normal Actual Actual

Forecast Forecast

Apr-Sep 83 83 76 74 83

Jan-Jul 90 90 78 76 77

Oct-Sep 93 93 80 77 76

U.S. weekly power generation percent by

fuel - EIA

Week ended Week ended 2025 2024 2023

July 24 July 17

Wind 7 7 11 11 10

Solar 8 8 6 5 4

Hydro 4 5 6 6 6

Other 1 1 1 1 2

Petroleum 0 0 0 0 0

Natural Gas 43 44 40 42 41

Coal 19 19 18 16 17

Nuclear 17 17 18 19 19

SNL U.S. Natural Gas Next-Day Prices ($

per mmBtu)

Hub Current Day Prior Day This Month Prior Year Five-Year Average

Last Year Average 2025 (2021-2025)

Henry Hub 2.80 2.80 3.20 3.52 3.72

Transco Z6 New York 2.10 2.10 2.87 3.53 3.56

PG&E Citygate 3.16 2.98 3.45 3.42 5.47

Eastern Gas (formerly Dominion South) 2.02 2.00 2.61 2.79 2.96

Chicago Citygate 2.61 2.61 2.95 3.23 3.60

Algonquin Citygate 2.59 2.35 4.50 6.08 5.04

SoCal Citygate 3.94 3.63 3.70 3.60 5.71

Waha Hub 2.35 2.26 1.57 1.15 2.88

AECO 1.43 1.03 0.51 1.13 2.13

Intercontinental Exchange (ICE)

U.S. Power Next-Day Prices ($ per

megawatt-hour)

Hub Current Day Prior Day This Month Prior Year Five-Year Average

Last Year Average 2025 (2021-2025)

New England 56.03 51.43 89.06 77.12 61.67

PJM West 62.49 64.23 87.25 60.23 54.47

Mid-Columbia (Mid C) 90.14 97.81 52.17 44.81 68.96

Palo Verde 70.50 67.98 48.82 34.82 59.94

South Path-15 (SP-15) 49.84 51.97 33.95 28.44 53.02