Free Trial

Henry Hub Extends Pull Back

NATGAS

Henry Hub is continuing to reverse some of yesterday’s gains, as steady production and healthy storage levels limit upside. This is despite improved optimism around the ramp up of Freeport LNG.

  • US Natgas AUG 24 down 2.8% at 2.19$/mmbtu
  • US Natgas JAN 25 down 1.6% at 3.64$/mmbtu
  • US LNG export terminal feedgas flows are today up to 12.49bcf/d according to Bloomberg with Freeport supply up to nearly two third of capacity, showing as 1.44bcf/d yesterday and 1.28bcf/d today.
  • US domestic natural gas production is holding steady at 102.4bcf/d today and in line with the average of 102.3bcf/d seen so far in July.
  • Domestic lower 48 natural gas demand is today estimated at 77.5bcf/d according to Bloomberg. The US weather forecast has again shifted slightly warmer since yesterday with at or above normal temperatures now expected across most of the US throughout the 6-14 NOAA forecast.
  • Export flows to Mexico are today at 7.16bcf/d according to Bloomberg.

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.