Daily Natural Gas Report - September Futures (NGU26 @ 2.763) | 08.25.2026

https://youtu.be/WaYWSlkDYfY

Tim Beggans breaks down the September natural gas contract, technical levels, power grid demand (especially ERCOT heat), storage spreads, multi-week temperature outlooks across the U.S., Europe, and Asia, plus the latest on global LNG flows with the Strait of Hormuz still disrupted and U.S. terminals ramping.

Key levels watched:

Below daily pivot 2.829

First support 2.767 (now resistance)

50% level ~2.733

Secondary support 2.699

Highlights:

Strong ERCOT gas burn on extreme heat / low wind

Front-to-back storage spread (Jan–Oct) firming

Late-summer heat risk lingering in Texas & expanding north/east

Cooler air beginning to enter the Upper Midwest & Northeast later in the period

European storage still lagging in key countries (UK, Netherlands, etc.)

Ras Laffan offline; U.S. LNG terminals (Cameron, Freeport, Corpus, Plaquemines, Golden Pass) status update

Timestamps:

0:00 – Open & September contract price action

0:38 – Hourly chart, daily pivot & key support/resistance levels

1:19 – ERCOT grid: extreme heat, low wind, high gas share of fuel mix

1:59 – National power prices (ERCOT leading, ISO-NE volatility)

2:24 – Jan–Oct storage spread

3:02 – Heat risk maps (Texas core, expanding north & east)

4:09 – Extended temperature forecast through early September

5:31 – 6-10 day, 8-14 day & September monthly temperature outlooks

6:05 – Europe temperature outlook & TTF winter contract

7:13 – European storage levels (UK, Belgium, Netherlands, Latvia)

7:46 – Asia/China temperature outlook

8:22 – Ras Laffan LNG offline + Strait of Hormuz shipping

8:59 – U.S. LNG terminal feedgas status (Cameron, Freeport, Sabine/Creole Trail, Corpus Christi, Calcasieu Pass, Plaquemines, Golden Pass)

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