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Henry Hub Holds Steady as Demand Falls Back to Normal

NATGAS

US Henry Hub is trading within the 2.62$/mmbtu to 2.675$/mmbtu range so far today having fallen from a peak of over 2.8$/mmbtu last week as US consumption eases back to near normal.

    • US Natgas OCT 23 down -0.1% at 2.64$/mmbtu
    • US Natgas MAR 24 down -0.8% at 3.22$/mmbtu
    • US Natgas SEP 24 down -0.2% at 3.25$/mmbtu
  • Domestic natural gas consumption this weekend fell back to near normal having held above normal consistently since the end of May. Today is estimated down at 66.8bcf/d compared to as much as 71.5bcf/d last week. Since late last week the temperatures in the west have shift slightly warmer in the 6-14 day period with the current expectation for near normal. Central and eastern areas are still expecting to see slightly above normal throughout the forecast period.
  • Total natural gas delivery flows to US LNG export terminals are today estimated at 13.06cf/d according to Bloomberg with supplies holding steady after the drop in flows to Freeport last week.
  • US domestic natural gas production edged slightly higher over the weekend to just over 101bcf/d according to Bloomberg compared to around 100.7bcf/d for most of last week.
  • Export flows to Mexico are today estimated at 6.9bcf/d.
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