U.S. Natural Gas Power Burns Stumble for First Time in Four Years
Natural gas-fired electricity generation declined in the opening half of 2025 for the first time since 2021, falling 1.8% year/year as higher prices and increased competition from other generation undercut demand.

Lower 48 gas power burns averaged 32.8 Bcf/d in the first six months of the year, down 0.6 Bcf/d from 33.4 Bcf/d in the same period last year, according to Wood Mackenzie data.
The slowdown for gas-fired electricity came as NGI’s Henry Hub spot prices surged 66% to an average $3.714/MMBtu in the first half, compared with $2.240 in the year-earlier period.