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Henry Hub Slides into Losses

NATGAS
Energy BulletsCommodities

Henry hub front month has slipped into losses during the day, despite the slow recovery in LNG demand, with lacklustre appetite for natgas and warmer temperatures adding pressure

  • US Natgas JUN 24 down 1.6% at 2$/mmbtu
  • US Natgas NOV 24 down 0.7% at 2.99$/mmbtu
  • Feedgas to US LNG export terminals are similar to yesterday at 12.83bcf/d according to Bloomberg with Freeport LNG flows up to 1.02bcf/d. The facility is working to get its second production train fully up and running, according to Bloomberg sources.
  • US domestic natural gas production was yesterday up to 99.3bcf/d today according to Bloomberg after dipping down below 98bcf/d over the weekend. The increase is driven by a recovery in flows from the Permian production basin.
  • Natural gas demand is today near normal at 63.9bcf/d and compared to an average 65.0bcf/d over the previous week.
  • The US forecast shows above normal temperatures still holding in central and eastern areas with the largest anomalies in the Gulf Coast region. Temperatures on the west coast are however near or just below normal.
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Henry hub front month has slipped into losses during the day, despite the slow recovery in LNG demand, with lacklustre appetite for natgas and warmer temperatures adding pressure

  • US Natgas JUN 24 down 1.6% at 2$/mmbtu
  • US Natgas NOV 24 down 0.7% at 2.99$/mmbtu
  • Feedgas to US LNG export terminals are similar to yesterday at 12.83bcf/d according to Bloomberg with Freeport LNG flows up to 1.02bcf/d. The facility is working to get its second production train fully up and running, according to Bloomberg sources.
  • US domestic natural gas production was yesterday up to 99.3bcf/d today according to Bloomberg after dipping down below 98bcf/d over the weekend. The increase is driven by a recovery in flows from the Permian production basin.
  • Natural gas demand is today near normal at 63.9bcf/d and compared to an average 65.0bcf/d over the previous week.
  • The US forecast shows above normal temperatures still holding in central and eastern areas with the largest anomalies in the Gulf Coast region. Temperatures on the west coast are however near or just below normal.