February 11, 2025 17:32 GMT
US NATGAS: Henry Hub Extends Rally
US NATGAS
Henry Hub is extending the rally since mid-last, although has softened from its intraday high of $3.754/MMBtu. Front month is supported by record LNG export terminal feedgas flows while current domestic demand has risen further above normal amid forecasts of above normal temperatures.
- US Natgas MAR 25 up 2.5% at 3.53$/mmbtu
- US Natgas APR 25 up 2.2% at 3.53$/mmbtu
- US LNG export terminal feedgas has risen to a new record high of 15.22bcf/d today with supply to Plaquemines rising to a high of 1.42bcf/d, Bloomberg shows.
- Lower 48 natural gas demand has risen back above the previous five-year seasonal range to 113.0bcf/d, according to Bloomberg.
- The NOAA 6–14-day forecast shows below normal temperatures are expected in central and eastern areas of the US although it is showing warmer on the west coast.
- US domestic natural gas production was yesterday at 107.6bcf/d compared to an average of 107.8bcf/d over the previous week and a record high of 108.47bcf/d on Feb. 7, Bloomberg shows.
- Export flows to Mexico are today estimated up to 6.48bcf/d, according to Bloomberg.
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