U.S. Natural Gas Forward Prices Climb Higher as Gulf War Outweighs Weak Fundamentals

Natural Gas Intelligence · last updated March 13, 2026 – 5:58 AM

U.S. forward natural gas prices have been propped up by conflict in the Middle East as global commodity prices remain elevated and uncertainty persists over exactly how long the war will last and sustain strong demand for American LNG exports.

Chart titled “NGI’s Northeast Regional Key Forward Basis Curves” showing forward natural gas basis prices for Algonquin Citygate, Iroquois Zone 2, and Transco Zone 6 NY from March 2026 through April 2028. The curves show sharp seasonal winter spikes each year, with Algonquin Citygate and Iroquois Zone 2 basis climbing above $14/MMBtu in early 2027 and near $10/MMBtu in winter 2027–2028, while Transco Zone 6 NY peaks near $6/MMBtu before falling back toward near-zero levels in shoulder months. Source: NGI Forward Look.

At A Glance:

Gains come despite mild forecasts
Strong exports outweigh near record production
Northeast winter prices rising

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.