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Henry Hub Slides

NATGAS

Henry Hub is sinking further during US hours, with downside driven by ongoing works at the Freeport LNG export terminal and high end of season storage levels.

  • US Natgas APR 24 down 2.5% at 1.7$/mmbtu
  • Total feedgas flows to US LNG export terminals is today estimated at 13.47bcf/d according to Bloomberg.
  • Freeport’s Train 3 will resume full production on 20-21 March said CEO Michael Smith but work on the two remaining trains is expected to run through April.
  • Lower 48 natural gas demand is holding just above normal at 82.7bcf/d compared to seasonal normal around 77bcf/d with a cooler US temperature forecast.
  • The two-week weather outlook shows below normal temperatures in central and western areas but holds on to above normal on the east coast.
  • US domestic natural gas production is today down near levels seen this time last year at 99.7bcf/d according to Bloomberg.

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