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Henry Hub Holds Steady Ahead of EIA US Drilling Report

NATGAS

US Natgas is trading near to previous close levels to lose small gains seen earlier in the day with near them supplies stable as the global gas market waits on further news regarding potential LNG strikes in Australia.

    • US Natgas SEP 23 down -0.3% at 2.76$/mmbtu
  • Lower 48 dry natural gas consumption is estimated higher today up to 77.4bcf/d compared to an average of 75.1bcf/d so far in August. Since Friday the two week weather forecast as turned warmer in central and eastern areas keeping temperatures well above normal but has cooled to show at or even just below normal in the west.
  • LNG export terminal feedgas flows are unchanged at 12.5bcf/d today according to Bloomberg data compared to an average of 12.3bcf/d seen so far in August.
  • US production is holding steady today estimated in line with levels seen in the previous few days at 101.5bcf/d. The latest EIA US drilling productivity report is due for release later today detailing the expected output from the US oil and gas shale producing regions for September.
  • Export flows to Mexico are well above normal at 6.9bcf/d today.

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