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US NATGAS: Henry Hub Dips on Warm End to February

US NATGAS
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Henry Hub is trading down on the day with warmer weather late in February expected to ease pressure on heating demand.  Prices are still showing a wider trend higher so far in February amid rising LNG exports. Thin traded volumes are expected due to the US holiday today.

  • Lower 48 natural gas demand has rebounded up to 119.2bcf/d, according to Bloomberg, to remain well above normal after a dip lower below 104bcf/d late last week. Lower 48 temperatures are forecast to rise back above normal over the weekend and into next week with warm weather spreading in from the west coast.
  • US LNG export terminal feedgas has risen to another high of 15.51bcf/d today, according to Bloomberg, amid strong Plaquemines and Sabine Pass supply. Flows had dipped slightly over the weekend on a drop in feedgas to Cameron and Calcasieu Pass.
  • US domestic natural gas production is estimated at 106.4bcf/d yesterday, BNEF shows, compared to an average of 107.2bcf/d so far in February.
  • Export flows to Mexico are today estimated at 6.23bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volumes was 637k on Feb. 14.
    • US Natgas MAR 25 down 2.1% at 3.65$/mmbtu
    • US Natgas APR 25 down 1.8% at 3.64$/mmbtu
    • US Natgas FEB 26 down 1.2% at 4.53$/mmbtu
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Henry Hub is trading down on the day with warmer weather late in February expected to ease pressure on heating demand.  Prices are still showing a wider trend higher so far in February amid rising LNG exports. Thin traded volumes are expected due to the US holiday today.

  • Lower 48 natural gas demand has rebounded up to 119.2bcf/d, according to Bloomberg, to remain well above normal after a dip lower below 104bcf/d late last week. Lower 48 temperatures are forecast to rise back above normal over the weekend and into next week with warm weather spreading in from the west coast.
  • US LNG export terminal feedgas has risen to another high of 15.51bcf/d today, according to Bloomberg, amid strong Plaquemines and Sabine Pass supply. Flows had dipped slightly over the weekend on a drop in feedgas to Cameron and Calcasieu Pass.
  • US domestic natural gas production is estimated at 106.4bcf/d yesterday, BNEF shows, compared to an average of 107.2bcf/d so far in February.
  • Export flows to Mexico are today estimated at 6.23bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volumes was 637k on Feb. 14.
    • US Natgas MAR 25 down 2.1% at 3.65$/mmbtu
    • US Natgas APR 25 down 1.8% at 3.64$/mmbtu
    • US Natgas FEB 26 down 1.2% at 4.53$/mmbtu