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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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