May 28, 2024 12:23 GMT
Henry Hub Edges Down
NATGAS
Henry Hub is down slightly today as higher production and lower demand levels counter a rise in feedgas flows to LNG terminals.
- US Natgas JUN 24 down 0.3% at 2.51$/mmbtu
- US Natgas NOV 24 down 0.4% at 3.17$/mmbtu
- US domestic natural gas production was yesterday stronger at 101.3bcf/d according to Bloomberg.
- US terminal feedgas flows are today estimated at 13.39bcf/d according to Bloomberg, the second highest daily flow since mid-March.
- The latest 6-14 day NOAA forecast shows above normal temperatures expected on the Gulf Coast and in western areas but near or just slightly below normal in parts of the East coast and Midwest.
- Domestic natural gas demand is down today at 64.862bcf/d according to Bloomberg.
- Export flows to Mexico are up slightly today at around 6.768 bcf/d and are slightly above the 20-day moving average of 6.743 bcf/d.
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