Free Trial

Henry Hub Holds Just Above Lowest Since Apr 2023

NATGAS

Henry Hub front month is trading just above previous close levels after falling to the lowest since April 2023 amid curtailed LNG export flows and steady production.

    • US Natgas MAR 24 up 0.1% at 2.01$/mmbtu
    • US Natgas AUG 24 down -0.5% at 2.47$/mmbtu
    • US Natgas FEB 25 down -0.2% at 3.55$/mmbtu
  • Feedgas supply to US LNG export terminals is back up to 13.5bcf/d today according to Bloomberg after falling as low as 12.43bcf/d yesterday. The increase is driven by a recovery in Cameron and Freeport supplies after dropping yesterday but supplies to Corpus Christi and Freeport are still below normal.
  • The latest US weather forecast is relatively unchanged from yesterday with the lower 48 forecast holding above normal this week before cooling into the second week of the outlook as cold weather expands across much of the US. Lower 48 natural gas demand is holding just below the previous seasonal five year average with today slightly lower at 92.9bcf/d.
  • US domestic gas production is today holding steady at 104.2bcf/d according to Bloomberg and just below an average of 104.5bcf/d so far in Feb.
  • Export flow to Mexico is almost unchanged on the day at 6.26bcf/d today.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.