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US NATGAS: Henry Hub Extends Rally Amid Record LNG Terminal Feedgas

US NATGAS

Henry Hub is extending the rally since mid last week supported by record LNG export terminal feedgas flows while current domestic demand has risen further above normal.

  • 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.
  • Nymex Henry Hub daily aggregate traded futures was 593k on Feb. 10.
    • US Natgas MAR 25 up 1.8% at 3.51$/mmbtu
    • US Natgas AUG 25 up 1.1% at 3.97$/mmbtu
    • US Natgas FEB 26 up 0.7% at 4.5$/mmbtu
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Henry Hub is extending the rally since mid last week supported by record LNG export terminal feedgas flows while current domestic demand has risen further above normal.

  • 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.
  • Nymex Henry Hub daily aggregate traded futures was 593k on Feb. 10.
    • US Natgas MAR 25 up 1.8% at 3.51$/mmbtu
    • US Natgas AUG 25 up 1.1% at 3.97$/mmbtu
    • US Natgas FEB 26 up 0.7% at 4.5$/mmbtu