Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
US Natgas prices continue to rally as hot temperatures support domestic demand and uncertain Russian supply to Europe result in strong TTF prices.
- US Natgas AUG 22 up 1% at 8.39$/mmbtu
- TTF AUG 22 up 5.1% at 168€/MWh
- Above normal US demand has driven front month up from a low of 5.38$/mmbtu on 5th July up to over 8.5$/mmbtu earlier today. Above normal temperatures are expected for Texas and the North East over the coming week before widespread heat is expected across the US in the first week of August. Lower 48 dry gas demand is today estimated at 76bcf/d compared to a seasonal normal of approximately 68bcf/d.
- Dry gas production is still higher than the 5-year range up at 96.7bcf/d.
- Deliveries to LNG export terminals of 10.6bcf/d today are lower than over the weekend and remain reduced compared to normal due to the ongoing outage at Freeport LNG.
- The graph below shows the weekly average lower 48 dry gas demand compared to the 5-year range:
Source: BloombergWhy MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok