US Net Gas Exports Took 91% of This Year's Production Growth Through July

US dry gas production averaged 111.10 Bcf/d from January to July 2026, 4.61 Bcf/d more than a year earlier, according to EIA's Natural Gas Monthly. By TEI's calculation from the same data, LNG exports rose 3.20 Bcf/d over the period, or 69% of the production increase. Including pipeline exports and a drop in imports from Canada, the US net export position grew by 4.18 Bcf/d, equal to 91% of it.

Texas, New Mexico and Louisiana supplied 80% of the growth in marketed output. Pennsylvania was flat. EIA has attributed the export growth to new liquefaction capacity at Plaquemines and Corpus Christi, with Golden Pass shipping from April; its October outlook has LNG exports rising another 1.0 Bcf/d in 2027. Domestic consumption fell 0.43 Bcf/d, with lower residential and commercial use outweighing a 0.92 Bcf/d rise in gas burned for power.

Leaving out January, when winter storm Fern lifted Henry Hub to $7.72, prices averaged $3.07 per MMBtu from February to July, 44 cents below 2025. EIA's 29 October storage report put inventories at 3,724 Bcf, 38 Bcf above the five-year average and 147 Bcf below last year.