Natural Gas Price Today (22.12.2025): U.S. Futures Hover Near $4 as LNG Exports Stay Strong; Australia Unveils Gas Reservation Plan
December 22, 2025 — Natural gas markets are closing in on the end of the year with a familiar tug-of-war: weather-driven demand versus record-level supply, all while LNG (liquefied natural gas) export flows keep the global market tightly connected. In the U.S., benchmark natural gas futures traded around the $4 per MMBtu level on Monday, with traders weighing milder temperature forecasts against near-record production and still-busy LNG terminals. Overseas, Europe’s benchmark gas pricing remains subdued around the high-€20s per megawatt-hour. Meanwhile, one of the day’s biggest policy headlines came from Australia, where the government announced a new plan to force