Membrane‐based separations offer great potential for more sustainable and economical natural gas upgrading. Systematic studies of CO 2/CH 4 separation over a wide range of temperatures from 65 °C (338 K) to as low as −40 °C (233 K) reveals a favorable separation mechanism toward CO 2 by incorporating Y‐ fum‐ fcu‐MOF as a filler in a 6FDA‐DAM polyimide membrane. Notably, the decrease of the temperature from 308 K down to 233 K affords an extremely high CO 2/CH 4 selectivity (≈130) for the hybrid Y‐ fum‐ fcu‐MOF/6FDA‐DAM membrane, about four‐fold enhancement, with an associated CO 2 permeability above 1000 barrers. At subambient temperatures, the pronounced CO 2/CH 4 diffusion selectivity dominates the high permeation selectivity, and the enhanced CO 2 solubility promotes high CO 2 permeability. The differences in adsorption enthalpy and activation enthalpy for diffusion between CO 2 and CH 4 produce the observed favorable CO 2 permeation versus CH 4. Insights into opportunities for using mixed‐matrix membrane‐based natural gas separations at extreme conditions are provided.