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NATGAS: Henry Hub Regains Ground as Cold Weather Impact Assessed

NATGAS
USEnergy BulletsNorth AmericaBulletCommodities

Henry Hub is regaining ground again while trading between $3.427/mmbtu and $3.738/mmbtu so far this week as the market weighs the impact of cold weather on demand and production.

  • Lower 48 natural gas demand is holding above normal at 124.2bcf/d today, according to Bloomberg. The Lower 48 average temperatures are expected below normal into mid January but are forecast to recover towards the end of the two week period. The NOAA 6-14 forecast shows the biggest anomalies in the Lower Atlantic and Gulf Coast regions.
  • US domestic natural gas production is estimated down at 101.2bcf/d yesterday, according to Bloomberg with a drop in Appalachian and Permian flows and output impacted by the US winter storm.
  • US LNG export terminal feedgas is down to 13.93bcf/d today, according to Bloomberg driven by a dip in Cove Point and Plaquemines supply so far this week.
  • Export flows to Mexico have risen to 6.27bcf/d today to recover towards levels seen in mid December, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures was 557k on Jan. 7.
    • US Natgas FEB 25 up 4.2% at 3.6$/mmbtu
    • US Natgas JUL 25 up 1.8% at 3.57$/mmbtu
    • US Natgas JAN 26 up 1.4% at 4.65$/mmbtu
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Henry Hub is regaining ground again while trading between $3.427/mmbtu and $3.738/mmbtu so far this week as the market weighs the impact of cold weather on demand and production.

  • Lower 48 natural gas demand is holding above normal at 124.2bcf/d today, according to Bloomberg. The Lower 48 average temperatures are expected below normal into mid January but are forecast to recover towards the end of the two week period. The NOAA 6-14 forecast shows the biggest anomalies in the Lower Atlantic and Gulf Coast regions.
  • US domestic natural gas production is estimated down at 101.2bcf/d yesterday, according to Bloomberg with a drop in Appalachian and Permian flows and output impacted by the US winter storm.
  • US LNG export terminal feedgas is down to 13.93bcf/d today, according to Bloomberg driven by a dip in Cove Point and Plaquemines supply so far this week.
  • Export flows to Mexico have risen to 6.27bcf/d today to recover towards levels seen in mid December, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures was 557k on Jan. 7.
    • US Natgas FEB 25 up 4.2% at 3.6$/mmbtu
    • US Natgas JUL 25 up 1.8% at 3.57$/mmbtu
    • US Natgas JAN 26 up 1.4% at 4.65$/mmbtu