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Henry Hub Nearing Intraday Highs

NATGAS

Henry Hub is holding near its intraday high, boosted by strong demand ahead of a heat wave and flow constraints in the El Paso natural gas network.

  • US Natgas JUL 24 up 3.6% at 2.89$/mmbtu
  • US Natgas DEC 24 up 2.2% at 3.81$/mmbtu
  • Domestic natural gas demand is today holding at the highest since early April up at 73.95bcf/d according to Bloomberg.
  • The latest NOAA 6-14 day forecast remains unchanged on the day with above normal temperatures expected across most of the Lower 48 throughout the coming two week period.
  • EPNG is further extending the line 2000 anomaly repairs downstream of its Casa Grande Compressor station due to confirmed issues with the depth of the excavation ground water, the company said on its website. EPNG also declared an FM at the Amarillo station, according to Bloomberg.
  • US domestic natural gas production was yesterday up to 101.1bcf/d according to Bloomberg with a slight recovery since reaching a low of 98.99bcf/d on June 12.
  • US LNG export terminal feedgas flows are today at 12.5bcf/d, according to Bloomberg.

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