The American natural gas market recorded a sharp downturn at the beginning of February. The Henry Hub benchmark price fell by 2.59 dollars per million British thermal units (MMBtu) to settle at $6.44 during the week ending February 4, according to the report Weekly report on natural gas storage published by the American Agency energy information (EIA). This weekly decrease represents a fall of 29%, mainly attributed to a decrease in heating demand in much of the United States, favored by conditions milder weather.

Despite this fall in prices, the movements in stocks remain significant. The EIA indicates that the net withdrawals of gas stocks natural reached 360 billion cubic feet (Gpi³) for the past week January 30. The total stocks of usable gas thus stand at 2,463. Gpi³. This volume is still 27 Bft³ lower than the average observed over five years, but exceeds the level recorded at the same period last year by 41 Bpi³, reflecting a relatively more comfortable supply situation only in 2025.

At the same time, American natural gas exports liquefied (LNG) are continuing their upward momentum. For the week ending the 4th February, 134 Bft³ of total LNG capacity left American ports, an increase of 16 Bft³ compared to the previous week. In total, 35 LNG ships set sail from the United States, up by four units over a week, illustrating the resilience of international demand despite the fall in prices on the domestic market.

These developments confirm the sensitivity of the gas market. natural to climatic conditions, while emphasizing the growing role of LNG exports in the overall balance of the American energy sector.