Free Trial

Henry Hub Lowest Since May 29

NATGAS

Henry Hub front month has fallen to its lowest level since May 29, continuing the steady decline since Friday. Reduced LNG feedgas flows and consistently high production levels are maintaining downside.

  • US Natgas AUG 24 down 1.7% at 2.44$/mmbtu
  • US Natgas JAN 25 down 0.2% at 3.75$/mmbtu
  • US LNG export terminal feedgas flows are today estimated down at 12.25bcf/d, according to Bloomberg. Sabine Pass supply has seen another dip of around 0.5bcf/d since yesterday while Freeport flows are showing as 1.79bcf/d after a compressor issue on June 29.
  • US domestic natural gas production was yesterday holding steady at 102.0bcf/d, according to Bloomberg, compared to an average of 100.7bcf/d across the whole of June 2024.
  • Domestic natural gas demand has risen again to 75.8bcf/d today according to Bloomberg.
  • Temperatures across most of the US are still expected to hold above normal throughout the coming two-week period but with neater normal expected in central areas.

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.