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Henry Hub Edges Higher Amid Signs of a Train Restart at Freeport

NATGAS

Henry Hub is edging higher today supported by a recovery in LNG feedgas flows amid signs of a restart of a train at the Freeport export terminal. Front month is however holding within the $1.715/mmbtu to $1.806/mmbtu range seen late last week.

    • US Natgas MAY 24 up 1% at 1.77$/mmbtu
    • US Natgas OCT 24 up 0.1% at 2.53$/mmbtu
    • US Natgas APR 25 down 0.1% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.0bcf/d today according to Bloomberg from a low of 9.2bcf/d on April 20. Freeport LNG feedgas flows are today estimated back up to 0.62bcf/d and the first LNG tanker in 11 days arrived at the terminal on Saturday according to LSEG. Flows to Corpus Christi and Calcasieu Pass have recovered back to near normal after recent declines.
  • US domestic natural gas production was steady at 99.15bcf/d yesterday according to Bloomberg compared an average of 98.9bcf/d in the previous week.
  • Natural gas demand has been holding above the previous five year average since April 18 and today steady at 71.3bcf/d according to Bloomberg. The NOAA 6-14 day outlook is relatively unchanged with slightly below normal expected on the west coast but above normal temperatures expected throughout the remainder of the country.
  • Export flows to Mexico are today at 6.0bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was at 438k on April 19.

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Henry Hub is edging higher today supported by a recovery in LNG feedgas flows amid signs of a restart of a train at the Freeport export terminal. Front month is however holding within the $1.715/mmbtu to $1.806/mmbtu range seen late last week.

    • US Natgas MAY 24 up 1% at 1.77$/mmbtu
    • US Natgas OCT 24 up 0.1% at 2.53$/mmbtu
    • US Natgas APR 25 down 0.1% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.0bcf/d today according to Bloomberg from a low of 9.2bcf/d on April 20. Freeport LNG feedgas flows are today estimated back up to 0.62bcf/d and the first LNG tanker in 11 days arrived at the terminal on Saturday according to LSEG. Flows to Corpus Christi and Calcasieu Pass have recovered back to near normal after recent declines.
  • US domestic natural gas production was steady at 99.15bcf/d yesterday according to Bloomberg compared an average of 98.9bcf/d in the previous week.
  • Natural gas demand has been holding above the previous five year average since April 18 and today steady at 71.3bcf/d according to Bloomberg. The NOAA 6-14 day outlook is relatively unchanged with slightly below normal expected on the west coast but above normal temperatures expected throughout the remainder of the country.
  • Export flows to Mexico are today at 6.0bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was at 438k on April 19.

Keep reading...Show less