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Henry Hub Drifts Lower On Healthy Supplies

NATGAS

US Henry Hub is drifting lower with above average domestic demand offset by healthy production, high seasonal storage levels and lower supplies to LNG export terminals.

    • US Natgas JUN 23 down -1.5% at 2.28$/mmbtu
  • Deliveries to US LNG export terminals are today estimated at 13.53bcf/d according to Bloomberg compared to a peak of 14.9bcf/d in mid April and an average of 14.02bcf/d in April.
  • The US weather forecast shows cold in the west coast region easing back up to near normal towards the end of the two week outlook. Above normal temperatures are expected to hold in central and eastern areas. Domestic demand is currently above normal at 70.95bcf/d compared to the seasonal normal of around 63bcf/d.
  • Natural gas production was largely unchanged and estimated around 101.6bcf/d yesterday and just below the high of 102.1bcf/d seen on 23 April according to Bloomberg.
  • Exports to Mexico are slightly lower at 5.5bcf/d today.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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