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Henry Hub Holds Gains

NATURAL GAS

Henry Hub Has extended its gains during late European afternoon trading, although it is down from its intraday high of $2.382/MMBtu. While LNG flows are lower, production has also fallen this week, with temperatures forecast to be above normal also.

  • US Natgas JAN 24 up 1.4% at 2.34$/mmbtu
  • US Natgas JUN 24 up 3.6% at 2.45$/mmbtu
  • Domestic natural gas production has dipped down to 104.7bcf/d according to Bloomberg with a drop in Haynesville and Anadarko supplies. Lower 48 output has averaged 105.6bcf/d so far in December.
  • Lower 48 natural gas demand is relatively unchanged on the day and still just above the five year average at 97.2bcf/d today according to Bloomberg. The NOAA weather forecast is still showing above normal temperatures across most of the US through the rest of December.
  • Demand from US LNG export terminals are today at 14.2bcf/d according to Bloomberg with feedgas to Corpus Christi LNG about 0.8bcf/d below recent levels on Dec 12-13.
  • Export flows to Mexico are today at 6.06bcf/d according to Bloomberg.
Energy BulletsCommodities
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