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NATGAS: Natgas End Of Day – Cooler Weather and LNG Demand See HH Price Surge

NATGAS
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U.S. natgas surged again on Friday to Jan 2023 highs on forecasts for cooler weather and increased LNG sendout.

  • US Natgas JAN 25 up 4.8% at 3.76$/mmbtu
  • Lower 48 natural gas demand is up again to 103.9bcf/d today, according to Bloomberg as temperatures continue to drop in the coming days.
  • President-elect Trump has threatened the EU with tariffs if member states don’t buy more oil and gas from the US.
  • The EIA weekly gas inventories for the week ending Dec. 13 showed a larger than normal withdrawal of 125bcf but in line with expectation. Total stocks are down to 3,622bcf but still above the previous five year average of 3,490bcf and 20bcf above levels seen a year ago.
  • US LNG export terminal feedgas supply is estimated at the highest since January at 14.59bcf/d today, BNEF shows, as Plaquemines LNG feedgas holds at 0.39bcf/d.
  • Venture Global received approval from the US energy regulator to export early LNG cargoes, known as commissioning cargoes, from its second facility in Louisiana, Plaquemines LNG on Friday. It began production last Friday.
  • Seapeak Catalunya is anchored near Boston with a cargo from Trinidad ICIS reports. The 5.1mtpa Everett Terminal has not received a cargo since March 19 but did receive six between December 2023 and March 2024.
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U.S. natgas surged again on Friday to Jan 2023 highs on forecasts for cooler weather and increased LNG sendout.

  • US Natgas JAN 25 up 4.8% at 3.76$/mmbtu
  • Lower 48 natural gas demand is up again to 103.9bcf/d today, according to Bloomberg as temperatures continue to drop in the coming days.
  • President-elect Trump has threatened the EU with tariffs if member states don’t buy more oil and gas from the US.
  • The EIA weekly gas inventories for the week ending Dec. 13 showed a larger than normal withdrawal of 125bcf but in line with expectation. Total stocks are down to 3,622bcf but still above the previous five year average of 3,490bcf and 20bcf above levels seen a year ago.
  • US LNG export terminal feedgas supply is estimated at the highest since January at 14.59bcf/d today, BNEF shows, as Plaquemines LNG feedgas holds at 0.39bcf/d.
  • Venture Global received approval from the US energy regulator to export early LNG cargoes, known as commissioning cargoes, from its second facility in Louisiana, Plaquemines LNG on Friday. It began production last Friday.
  • Seapeak Catalunya is anchored near Boston with a cargo from Trinidad ICIS reports. The 5.1mtpa Everett Terminal has not received a cargo since March 19 but did receive six between December 2023 and March 2024.