Source: EIA Natural gas markets enter July balancing strong summer demand with growing signs that the global LNG market is already shifting its attention toward winter. This Week's Main Drivers: • EIA Storage: +87 Bcf versus expectations of +82 Bcf, above both last year's +61 Bcf and the five-year average of +64 Bcf. The build was modestly bearish but reflects continued robust production. • Heat Wave: Record temperatures across the U.S. Northeast pushed gas-fired power demand

Source: EIA Less than two decades ago, the U.S. was preparing for a future of growing natural gas imports. Today, America is the world's largest LNG exporter—a transformation driven by the shale revolution and innovations in horizontal drilling and hydraulic fracturing. The impact extends far beyond energy. Abundant, affordable natural gas has lowered electricity costs, attracted manufacturing investment, strengthened our trade balance, and created hundreds of thousands of hi

Timestamps 00:00 - Introduction & August Contract Performance 00:44 - Hourly Chart Analysis & Pivot Points 01:15 - EIA Storage Report Breakdown 01:35 - Winter Strip & Super El Niño Outlook 02:31 - Next Year's Injection Season Trends 03:10 - ERCOT Power Grid & Fuel Mix Analysis 03:35 - Northeast US Power Price Pain Points 04:08 - US 8-14 Day Temperature Outlook 04:26 - Extreme Heat Risk Maps (US) 06:14 - European Weather & Storage Update 07:42 - Asia Temperature Map 08:19 - Mi

Timestamps 00:00 – Storage Day Expectations: August Futures Analysis 01:08 – Hourly Chart & Technical Support Levels 01:48 – Nov-March Strip & ERCOT Renewables Mix 02:34 – US Power Prices & Regional Heat Risks (PJM, ISO) 03:09 – 8-14 Day Temperature Outlook & Heat Risk Maps 05:32 – European Market Update (TTF) & EU Storage Levels 07:20 – Asia Weather Outlook (Japan, Korea, China) 07:46 – Global & US LNG Update: Qatar, Cameron, Sabine Pass 09:04 – Freeport, Venture Global, & G

Timestamps 0:00 – Introduction & Market Snapshot (August Futures) 0:21 – Storage Expectations & Bearish Trends 0:42 – Hourly Chart Analysis & Support Levels 1:03 – Front-to-Back Spreads & Winter Strip 1:47 – ERCOT Grid Demand & Renewables Mix 2:17 – Power Price Analysis (PJM, MISO, NYISO) 2:52 – US Weather Map: Extreme Heat Index 3:36 – Heat Risk Forecast (States Impacted) 4:28 – European Market: Temperature Anomalies & Storage 5:31 – Asia Weather Outlook 5:58 – Global LNG Up

Timestamps: 0:00 Market Overview: August Spot Contract & RSI Analysis 0:29 Hourly Chart & Pivot System Resistance 0:50 Front-to-Back Spreads (Jan vs. Oct) & Winter Strip Updates 1:23 Grid Analysis: ERCOT Renewables & Fuel Mix 1:48 National Grid: Power Price Surges (PJM, MISO, NYISO) 2:23 U.S. Weather Forecast: Extreme Heat Risk & July 4th Outlook 3:56 European Market: Heat Risk, French Nuclear Deratings & Storage 4:51 Asian Market Update: China, Japan, & Korea Forecast 5:12 L

Top News for Natural Gas: 1.) Europe - Dangerous heat set to return 2.) US - Extreme heat risk ahead of July 4th holiday 3.) Qatar - Aims to restart LNG production within weeks 4.) Golden Pass LNG to begin preliminary commissioning activities for Train 2

Source: EIA Natural gas and LNG markets navigated a week of competing bullish and bearish signals as traders balanced summer weather, LNG growth, geopolitical developments, and quarter-end positioning. This Week's Main Drivers: 1. July Contract Expiration and Holiday Trading The expiration of the July NYMEX contract and the upcoming July 4th holiday weekend contributed to heightened volatility and position squaring across energy markets. 2. Heat Arrives, But Demand Remains Un