Natural Gas February Trends 2025

 Natural Gas February Trends

Looking at broader trends, the U.S. Energy Information Administration (EIA) data up to early February 2025 (from their latest updates) showed inventories at 2,297 billion cubic feet (Bcf) as of February 7, down 100 Bcf from the prior week—below last year’s levels and the five-year average. This drawdown aligns with the cold snap.  Prices at the Henry Hub, a key benchmark, were around $3.22/MMBtu on February 5 (per EIA’s weekly update), some suggest they’ve since climbed past $4.2 by February 19, reflecting a rapid response to weather and export dynamics.

 

Weather’s a big driver here. February 2025 has apparently brought colder-than-expected conditions across parts of the U.S., increasing heating demand and straining production (frozen wells don’t help). Meanwhile, LNG exports are hitting records, likely due to new facilities like Plaquemines and Corpus Christi Stage 3 ramping up, as noted in late 2024 forecasts. This combo—high domestic use plus export pressure—seems to be pushing prices up and inventories down faster than usual for late February.

 

February 18 warned of a potential warming trend late in the month, which could ease demand and lead to price dips if supply stabilizes. Volatility’s clearly in play, as they noted a smaller-than-expected inventory draw of 116 Bcf (possibly from an earlier EIA report this month), hinting supply might not be as tight as the price surge suggests.

So, natural gas in February 2025 is showing a lively mix: bullish price spikes driven by cold weather and LNG exports, tempered by whispers of a possible late-month cooldown.