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Henry Hub Falls to Rangebound

NATGAS

Henry Hub is currently rangebound after erasing earlier gains. Front month is balancing lower production and higher export flows to Mexico, against lower LNG feedgas flows and weaker domestic demand on the day.

  • US Natgas AUG 24 down 0.1% at 2.34$/mmbtu
  • US Natgas JAN 25 down 0.4% at 3.65$/mmbtu
  • LNG export flows to liquefaction terminals are slightly higher today at 11.185 bcf/d, although remain at depressed levels due to Freeport’s near shutdown due to Hurricane Beryl. Flows into Freeport at 0.149 bcf/d, compared to normal levels of around 2bcf/d.
  • Lower 48 natural gas production was 101 bcf/d yesterday, compared to the seven day average of 102.3 bcf/d
  • The 6–14-day weather forecast shows above normal temperatures across most of the lower 48 states, according to the NOAA.
  • Domestic natural gas demand is down today to 79.51 bcf/d according to Bloomberg, compared to an over two-month high of 82.3 bcf/d yesterday.
  • Export flows to Mexico have risen to 6.87bcf/d according to Bloomberg, the highest since June 20.
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Henry Hub is currently rangebound after erasing earlier gains. Front month is balancing lower production and higher export flows to Mexico, against lower LNG feedgas flows and weaker domestic demand on the day.

  • US Natgas AUG 24 down 0.1% at 2.34$/mmbtu
  • US Natgas JAN 25 down 0.4% at 3.65$/mmbtu
  • LNG export flows to liquefaction terminals are slightly higher today at 11.185 bcf/d, although remain at depressed levels due to Freeport’s near shutdown due to Hurricane Beryl. Flows into Freeport at 0.149 bcf/d, compared to normal levels of around 2bcf/d.
  • Lower 48 natural gas production was 101 bcf/d yesterday, compared to the seven day average of 102.3 bcf/d
  • The 6–14-day weather forecast shows above normal temperatures across most of the lower 48 states, according to the NOAA.
  • Domestic natural gas demand is down today to 79.51 bcf/d according to Bloomberg, compared to an over two-month high of 82.3 bcf/d yesterday.
  • Export flows to Mexico have risen to 6.87bcf/d according to Bloomberg, the highest since June 20.