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Henry Hub Rebounds

NATURAL GAS

Henry Hub has rebounded from earlier losses on the day amid a rebound in LNG feedgas flows following a recovery in Sabine Pass intake. A warm weather forecast across the US and high gas storage levels had added downward pressure to US Henry Hub prices earlier in the day.

  • US Natgas JAN 24 up 0.5% at 2.82$/mmbtu
  • US Natgas JUN 24 up 0.6% at 2.82$/mmbtu
  • The EIA weekly gas inventories for the week ending 24 Nov showed a net build of +10bcf compared to the seasonal normal draw of -41bcf. The total US inventories remain well above season normal levels at 3,836bcf compared to the average of 3,542bcf.
  • Feedgas flows to US LNG export terminals are today estimated back up to 14.45bcf/d according to Bloomberg driven by a recovery in Sabine Pass supplies after dipping by about 0.9bcf/d a couple of times this week.

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