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Henry Hub Sliding on the Week

NATGAS

Henry Hub is on track for net losses on the week of around 3.3%, despite rising cooling demand and a recovery in LNG flows. Strong production levels continue to add a counterweight.

  • US Natgas AUG 24 down 2.6% at 2.62$/mmbtu
  • US Natgas JAN 25 down 1.1% at 3.82$/mmbtu
  • Prices have also turned negative at the Texas Waha hub due to bottlenecks for flows of gas from the Permian Basin.
  • US domestic natural gas production was yesterday holding steady at 101.2bcf/d, according to Bloomberg, compared to an average of 101.7bcf/d over the previous week.
  • US LNG export terminal feedgas flows are today estimated up to 12.9bcf/d, according to Bloomberg.
  • Domestic natural gas demand is down again to 71.5bcf/d according to Bloomberg from a recent high of 77.9bcf/d on June 26 but still just above the seasonal normal.

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