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NATGAS: Gradual Return of Freeport LNG Supprting Henry Hub Prices

NATGAS

Henry Hub front month is recovering ground again today with the gradual return of Freeport LNG from outage helping support prices from the low of $2.015/mmBtu on July 17.

  • US LNG export terminal feedgas flows are today at 11.43bcf/d according to Bloomberg. A second tanker has arrived at Freeport LNG since the facility resume production, according to Bloomberg. Feedgas flows are up to nearly half of capacity to 0.99bcf/d today.
  • US domestic natural gas production was at 102.0bcf/d yesterday compared to output of around 101bcf/d this time last year.
  • Domestic lower 48 natural gas demand is holding just above seasonal normal levels at 76.4bcf/d today. The US weather forecast has trended slightly warmer over the weekend with the biggest anomalies above normal expected in central and normal areas but with nearer normal expected towards the Gulf and West Coasts.
  • Export flows to Mexico are today at 7.1bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was at 419k on July 19.
    • US Natgas AUG 24 up 3.6% at 2.21$/mmbtu
    • US Natgas JAN 25 up 1.6% at 3.67$/mmbtu
    • US Natgas JUL 25 up 1.2% at 3.33$/mmbtu
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