US natural gas futures were trading around the $8.5/MMBtu, recovering from their session lows of $8/MMBtu as investors reacted positively to the latest EIA data showing a storage build primarily in line with expectations. Prices were under heavy pressure earlier this session after an explosion at the Freeport oil and gas export terminal in Texas is set to leave fuel supplies stranded in the domestic market despite soaring international demand. Freeport receives about 2 billion cubic feet of gas per day or roughly 16% of US LNG export capacity. Still, prices remain elevated, having touched an almost 14-year high above the $9.5/MMBtu level this week, amid record power demand in Texas, a decline in output, and an intense rally for natural gas as Russia’s war on Ukraine sends energy markets reeling. Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas accounts for almost a quarter of United States energy consumption. The NYMEX Division natural gas futures contract is widely used as a national benchmark price. The futures contract trades in units of 10,000 million British thermal units (mmBtu). The price is based on delivery at the Henry Hub in Louisiana, the nexus of 16 intra- and interstate natural gas pipeline systems that draw supplies from the region’s prolific gas deposits. The United States is the biggest natural gas producer followed by Russia. The Natural gas market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our Natural gas market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.Please Add a comment before the calling of Natural gas, we will inform your mail address to the owner of the fish. They will reach to you from email or your phone.