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As of March 5, 2025, here’s the latest news on natural gas based on available information:
Natural gas markets are showing significant activity. U.S. natural gas futures have recently surged, with prices climbing about 10% to a 26-month high as of March 4, 2025. This spike is driven by record flows to liquefied natural gas (LNG) export plants and concerns over potential tariffs on Canadian imports, reflecting bullish sentiment despite some weather-related demand fluctuations.
The latest U.S. Energy Information Administration (EIA) report indicated a substantial withdrawal of 261 billion cubic feet (Bcf) from storage, leaving inventories at 1,840 Bcf—well below last year’s levels and the five-year average, tightening supply outlooks. Globally, LNG developments are making headlines.
On March 4, 2025, Vitol, a major energy trader, signed a long-term LNG supply deal with LNGPH in the Philippines, aimed at supporting 18% of Luzon’s power needs and advancing the country’s shift to cleaner energy. Meanwhile, ExxonMobil announced plans on March 4 to ramp up natural gas output in Guyana, targeting both domestic power needs and LNG exports, with fertilizer production also in scope.
In Asia, Tokyo Gas acquired a 20% stake in a Philippine LNG terminal on March 4, marking its first overseas operational LNG terminal investment. Market dynamics are also shifting. Analysts note that despite warmer weather forecasts potentially softening demand midweek in the U.S., geopolitical risks and strong LNG export demand are keeping prices supported.
Analyst highlight the focus on record LNG flows and tariff worries as key price drivers. Additionally, the Trump administration’s push to lift restrictions on LNG export projects, including potential approval of the Commonwealth LNG facility in Louisiana, could further bolster U.S. export capacity.
In summary, natural gas news reflects a mix of robust export growth, tightening domestic supplies, and strategic international deals, all shaping a dynamic market as of early March 2025.
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