February 10, 2025 18:11 GMT
US NATGAS: Henry Hub Highest Since Jan. 29
US NATGAS
Henry Hub has risen to its highest level since Jan. 29, supported by forecasts of colder weather which will likely boost domestic demand. High LNG feedgas flows are also supportive.
- US Natgas MAR 25 up 4.9% at 3.47$/mmbtu
- US Natgas APR 25 up 4.7% at 3.47$/mmbtu
- Lower 48 natural gas demand has risen back above normal to 107.25bcf/d, according to Bloomberg.
- The NOAA 6–14-day forecast shows below normal temperatures are expected across most of the US throughout and with the largest anomalies in northern areas.
- US heating demand for the week ending Feb. 15 is forecast to be 2 heating degree days (HDD) above the long-term normal, according to Bloomberg, citing the NOAA.
- US domestic natural gas production was holding just below 108bcf/d over the weekend after reaching a record high of 108.36bcf/d on Feb. 7, Bloomberg shows.
- US LNG export terminal feedgas remains high at 14.96bcf/d today compared to an average of 14.6bcf/d so far in February, Bloomberg shows.
- Export flows to Mexico are today estimated at 6.1bcf/d, according to Bloomberg.
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