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Henry Hub Hits New Intraday High

NATURAL GAS

Henry Hub has surged to new intraday highs during US hours of $2.54/MMBtu, supported by a rebound in export feedgas flows into LNG terminals and lower production.

  • US Natgas JAN 24 up 5.4% at 2.52$/mmbtu
  • US Natgas JUN 24 up 2% at 2.58$/mmbtu
  • Domestic natural gas production dipped to 104.78bcf/d, compared with the 30-day moving average of 105.61bcf/d amid lower slight dips in production in most basins.
  • Lower 48 natural gas demand declined to 94.15bcf/d, down from 98.9bcf/d a day earlier.
  • The NOAA weather forecast has been slightly adjusted with some near-normal temperatures on the East Coast, while the rest of the US is seeing temperatures above the average for the remainder of the month.
  • Feedgas flows to US LNG export terminals rose to 15.09bcf/d, up from 14.10bcf/d yesterday and above the 30-day moving average of 14.41bcf/d, driven by higher flows to the Corpus Christi and Freeport terminals.

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