Free Trial

Henry Hub Extends Gains to Higher Since March

NATGAS

Henry Hub front month extends the trend higher from a low of around 2.21$/mmbtu on 12 June to the highest since early March. Warm weather across the US is expected to boost cooling demand while US natural gas production and LNG exports are still curtailed.

    • US Natgas JUL 23 up 1.5% at 2.67$/mmbtu
  • The latest 6-14 day NOAA weather forecast is slightly warmer than yesterday and still showing above normal temperatures across much of the US with at or below normal temperatures on the far east and west coasts. Domestic demand is today holding just above normal at 66.6bcf/d according to Bloomberg.
  • Domestic US production has averaged around 98.5bcf/d since 13 June according to Bloomberg compared to an average of 101.2bcf/d in May due to pipeline outages.
  • Delivery flows to the US LNG export terminals are still curtailed due to maintenance at the Sabine Pass LNG export terminal. Pipeline flows are today estimated similar to yesterday at 11.0bcf/d compared to an average of 13bcf/d seen during May.
  • Export flows to Mexico are today estimated up at 7.0bcf/d.

To read the full story

Close

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.