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Henry Hub At Highest Level Since Feb

NATGAS
Energy BulletsCommodities

Henry Hub has extended gains during the US session as returning flows to Freeport LNG provide a positive outlook for demand. This puts the front month at its highest level since early Feb.

  • US Natgas JUN 24 up 5.5% at 2.03$/mmbtu
  • US Natgas NOV 24 up 2.8% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.92bcf/d according to Bloomberg.
  • Freeport LNG restarted one liquefaction train over the weekend according to Bloomberg sources as feedgas to the facility rose to the highest since April 9 at 0.83bcf/d today.
  • US domestic natural gas production is today estimated at 97.9bcf/d today according to Bloomberg compared to an average of 98.4bcf/d in the last week and 99.6bcf/d so far in April.
  • Natural gas demand averaged just above the normal for the time of year of about 67bcf/d last week.
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Henry Hub has extended gains during the US session as returning flows to Freeport LNG provide a positive outlook for demand. This puts the front month at its highest level since early Feb.

  • US Natgas JUN 24 up 5.5% at 2.03$/mmbtu
  • US Natgas NOV 24 up 2.8% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.92bcf/d according to Bloomberg.
  • Freeport LNG restarted one liquefaction train over the weekend according to Bloomberg sources as feedgas to the facility rose to the highest since April 9 at 0.83bcf/d today.
  • US domestic natural gas production is today estimated at 97.9bcf/d today according to Bloomberg compared to an average of 98.4bcf/d in the last week and 99.6bcf/d so far in April.
  • Natural gas demand averaged just above the normal for the time of year of about 67bcf/d last week.