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Henry Hub Surges on Colder Weather

NATURAL GAS

Henry Hub front month has risen to the highest level since 6 December as a downward revision in temperature forecasts is expected to support demand for heating. Feedgas deliveries to US LNG terminals fell on Wednesday after Kinder Morgan declared force majeure at parts of a pipeline that delivers natural gas to the facility.

    • US Natgas JAN 24 up 5.1% at 2.68$/mmbtu
    • US Natgas JUN 24 up 2.7% at 2.53$/mmbtu
  • Feedgas supplies to US LNG terminals fell to 13.82bcf/d today, below the 30-day moving average of 14.48bcf/d, amid lower flows the Sabine Pass and Corpus Christi LNG terminals. Kinder Morgan reported on Tuesday that the KMI.N natural gas pipeline declared force majeure at the compressor station 348 that will impact deliveries to the Sabine Pass liquefaction facility.
  • US natural gas production was yesterday steady at 105.7bcf/d according to Bloomberg.
  • Export flows to Mexico are today back up slightly to 5.5bcf/d according to Bloomberg.

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