February 19, 2025 17:41 GMT
NATGAS: Henry Hub Highest Since Jan. 17
NATGAS
Henry Hub is holding most of its gains as it reaches its highest level since Jan. 17. Falling domestic production amid freeze ins is adding to current high demand driven by cold weather and strong LNG feedgas flows.
- US Natgas MAR 25 up 4.8% at 4.2$/mmbtu
- US Natgas APR 25 up 3.7% at 4.13$/mmbtu
- Lower 48 natural gas demand is the highest since Jan. 22 at 128.9bcf/d, according to Bloomberg. Average temperatures in Lower 48 are expected to rise above normal into next week.
- The NOAA 6-14 forecast shows above normal temperatures in central and western areas throughout.
- US domestic natural gas production is estimated down to 101.75bcf/d today, BNEF shows, driven by decline in Permian and Anadarko amid freeze offs. Output has averaged 106.5bcf/d over the previous week.
- US LNG export terminal feedgas is once again at a record high up to 15.67bcf/d today, with Plaquemines to a high of 1.58bcf/d.
- Export flows to Mexico are today estimated at 6.65bcf/d, according to Bloomberg.
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