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NATGAS: Henry Hub Down on Looming Tropical Storm

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub has erased some of its earlier gains, although continues to trade down on the day. Losses follow concerns that Tropical Storm Francine could disrupt both power demand and LNG feedgas flows, leaving gas with fewer outlets.

  • US Natgas OCT 24 down 3.1% at 2.2$/mmbtu
  • US Natgas MAR 25 down 0.4% at 2.93$/mmbtu
  • US LNG export terminal feedgas flows are today holding near the highest since the start of June at 13.4bcf/d today, according to Bloomberg.
  • Domestic natural gas demand is holding near the lowest since mid-June at 70.8bcf/d today but still just above the previous five-year seasonal average.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas throughout but below normal in the west.
  • US cooling demand for the week ending Sep. 14 is forecast to be 8 CDD normal, according to Bloomberg/NOAA.
  • US domestic natural gas production has drifted down to 101.4bcf/d yesterday, according to Bloomberg, compared to an average of 101.8bcf/d so far in September.
  • US natural gas storage likely saw another below-average build of 49 bcf in the week to Sep. 6, according to a Reuters survey. 
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Henry Hub has erased some of its earlier gains, although continues to trade down on the day. Losses follow concerns that Tropical Storm Francine could disrupt both power demand and LNG feedgas flows, leaving gas with fewer outlets.

  • US Natgas OCT 24 down 3.1% at 2.2$/mmbtu
  • US Natgas MAR 25 down 0.4% at 2.93$/mmbtu
  • US LNG export terminal feedgas flows are today holding near the highest since the start of June at 13.4bcf/d today, according to Bloomberg.
  • Domestic natural gas demand is holding near the lowest since mid-June at 70.8bcf/d today but still just above the previous five-year seasonal average.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas throughout but below normal in the west.
  • US cooling demand for the week ending Sep. 14 is forecast to be 8 CDD normal, according to Bloomberg/NOAA.
  • US domestic natural gas production has drifted down to 101.4bcf/d yesterday, according to Bloomberg, compared to an average of 101.8bcf/d so far in September.
  • US natural gas storage likely saw another below-average build of 49 bcf in the week to Sep. 6, according to a Reuters survey.