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US NATGAS: Henry Hub Extends Rally to Highest Since Jan. 28

US NATGAS
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Henry Hub has risen to the highest since Jan. 28 with demand expected above normal this week and with record LNG terminal feedgas, ahead of the updated EIA storage data.

  • The EIA weekly gas inventories for the week ending Feb. 7 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a draw of 96bcf according to a Bloomberg survey following a draw of 174bcf the previous week. The seasonal normal is a draw of around 144bcf.
  • US LNG export terminal feedgas has risen to a new record high at 15.39bcf/d today, according to Bloomberg, amid rising Sabine Pass and Plaquemines supplies.
  • Lower 48 natural gas demand has risen again to 119.0bcf/d today, according to Bloomberg. The NOAA forecast shows below normal in most of the US in the 6-10 day period but with warmer weather spreading from the west in the 8-14 day period.
  • US domestic natural gas production has drifted lower this week to 104.9bcf/d today, BNEF shows, compared to an average of 107.5bcf/d over the previous week.
  • Export flows to Mexico are today estimated at 6.33bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures was 629k on Feb. 12.
    • US Natgas MAR 25 up 3.4% at 3.69$/mmbtu
    • US Natgas APR 25 up 3.1% at 3.68$/mmbtu
    • US Natgas FEB 26 up 1.3% at 4.61$/mmbtu
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Henry Hub has risen to the highest since Jan. 28 with demand expected above normal this week and with record LNG terminal feedgas, ahead of the updated EIA storage data.

  • The EIA weekly gas inventories for the week ending Feb. 7 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a draw of 96bcf according to a Bloomberg survey following a draw of 174bcf the previous week. The seasonal normal is a draw of around 144bcf.
  • US LNG export terminal feedgas has risen to a new record high at 15.39bcf/d today, according to Bloomberg, amid rising Sabine Pass and Plaquemines supplies.
  • Lower 48 natural gas demand has risen again to 119.0bcf/d today, according to Bloomberg. The NOAA forecast shows below normal in most of the US in the 6-10 day period but with warmer weather spreading from the west in the 8-14 day period.
  • US domestic natural gas production has drifted lower this week to 104.9bcf/d today, BNEF shows, compared to an average of 107.5bcf/d over the previous week.
  • Export flows to Mexico are today estimated at 6.33bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures was 629k on Feb. 12.
    • US Natgas MAR 25 up 3.4% at 3.69$/mmbtu
    • US Natgas APR 25 up 3.1% at 3.68$/mmbtu
    • US Natgas FEB 26 up 1.3% at 4.61$/mmbtu