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Henry Hub Extends Rally as Freeport Flows Edge Higher

NATGAS
Energy BulletsCommoditiesUS

Henry Hub Jun24 contract is trading higher again today to extend gains seen yesterday supported by a slow recovery in LNG export terminals feedgas flows.

    • US Natgas JUN 24 up 2.1% at 2.07$/mmbtu
    • US Natgas NOV 24 up 0.4% at 3.02$/mmbtu
    • US Natgas MAY 25 down 0.2% at 3.11$/mmbtu
  • Feedgas to US LNG export terminals are similar to yesterday at 12.83bcf/d according to Bloomberg with Freeport LNG flows up to 1.02bcf/d. The facility is working to get its second production train fully up and running, according to Bloomberg sources.
  • US domestic natural gas production was yesterday up to 99.3bcf/d today according to Bloomberg after dipping down below 98bcf/d over the weekend. The increase is driven by a recovery in flows from the Permian production basin.
  • Natural gas demand is today near normal at 63.9bcf/d and compared to an average 65.0bcf/d over the previous week. The US forecast shows above normal temperatures still holding in central and eastern areas with the largest anomalies in the Gulf Coast region. Temperatures on the west coast are however near or just below normal.
  • Export flows to Mexico are today at 6.5bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was down at 407k on April 26.
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Henry Hub Jun24 contract is trading higher again today to extend gains seen yesterday supported by a slow recovery in LNG export terminals feedgas flows.

    • US Natgas JUN 24 up 2.1% at 2.07$/mmbtu
    • US Natgas NOV 24 up 0.4% at 3.02$/mmbtu
    • US Natgas MAY 25 down 0.2% at 3.11$/mmbtu
  • Feedgas to US LNG export terminals are similar to yesterday at 12.83bcf/d according to Bloomberg with Freeport LNG flows up to 1.02bcf/d. The facility is working to get its second production train fully up and running, according to Bloomberg sources.
  • US domestic natural gas production was yesterday up to 99.3bcf/d today according to Bloomberg after dipping down below 98bcf/d over the weekend. The increase is driven by a recovery in flows from the Permian production basin.
  • Natural gas demand is today near normal at 63.9bcf/d and compared to an average 65.0bcf/d over the previous week. The US forecast shows above normal temperatures still holding in central and eastern areas with the largest anomalies in the Gulf Coast region. Temperatures on the west coast are however near or just below normal.
  • Export flows to Mexico are today at 6.5bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was down at 407k on April 26.