Free Trial

Henry Hub Pulls Back

NATGAS

Henry Hub front month has pulled back today to the lowest level since 27 February amid an upward revision in temperatures suggesting lower demand for heating.

    • US Natgas APR 24 down 3.7% at 1.6$/mmbtu
    • US Natgas SEP 24 down 1.4% at 2.4$/mmbtu
  • The NOAA 6-14 day forecasts showed temperatures above seasonal normal for the East Coast and the eastern part of the US Gulf Coast while the rest of the US is expected to see near normal to below normal temperatures.
  • Lower 48 natural gas demand has eased back to 80.398bcf/d today but remains well above the five-year average of 75.616bcf/d.
  • Feedgas deliveries to US LNG export terminals today are estimated at 13.145bcf/d, slightly below this month’s average of 13.209bcfd according to Bloomberg.
  • Natural gas flows to the Freeport LNG terminal are today at 0.814bcf/d, indicating Train 1 and Train 2 are still offline for maintenance. Freeport supplies are still curtailed with works expected to run through April.
  • US domestic natural gas production was today down to 99.64bcf/d according to Bloomberg, compared with an average of 100.631bcf/d so far this month.
  • Export flows to Mexico are today at 5.774bcf/d according to Bloomberg.

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.