Free Trial

Henry Hub Rallies Amid Strong LNG Export Demand

NATGAS

Henry Hub front month is today extending gains from last week amid strong feedgas to LNG export terminals and with wider global market support driven by the halt to some shipping traffic through the Red Sea following an increase in Houthi attacks on vessels in recent days.

    • US Natgas JAN 24 up 3.4% at 2.58$/mmbtu
    • US Natgas JUN 24 up 1% at 2.6$/mmbtu
    • US Natgas DEC 24 up 0.6% at 3.58$/mmbtu
  • Feedgas supplies to US LNG export terminals are today at 15.0bcf/d according to Bloomberg after reaching a record high of 15.13bcf/d yesterday.
  • US natural gas production was yesterday at 105.0bcf/d according to Bloomberg and in line with the previous week but below the record levels seen on Dec 8 at 106.47bcf/d.
  • Natural gas demand is today estimated below normal at 89.8bcf/d according to Bloomberg. The latest weather forecast is showing above normal temperatures across most of the US through the rest of December although with a dip closer to normal in the last couple of days of the month.
  • Export flows to Mexico are today down to 5.29bcf/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.