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NATGAS: Henry Hub Gaining Ground

NATGAS
Energy BulletsBulletPower BulletsCommodities

Front month Henry Hub is gaining ground again today but remains below yesterday’s high. The market is watching for any impact on production from Tropical Storm Helene.

  • US Natgas OCT 24 up 2% at 2.6$/mmbtu
  • US Natgas MAR 25 up 0.5% at 3.09$/mmbtu
  • Tropical Storm Helene is expected to develop into a major hurricane before approaching the northeastern Gulf Coast on Thursday but looks set to miss LNG terminals.
  • Domestic natural gas demand is relatively unchanged on the day at 72.6bcf/d today, according to Bloomberg, to remain above the seasonal normal. The NOAA weather forecast shows above normal temperatures are expected throughout the 6-14 day forecast period.
  • US domestic natural gas production was yesterday at 100.7bcf/d compared to 100.9bcf/d over the previous week, according to Bloomberg.
  • Feedgas flow to US LNG export terminals is estimated at 12.18bcf/d today with a small increase in Freeport flows set against lower Calcasieu Pass supply and the ongoing halt at Cove Point amid planned maintenance.
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Front month Henry Hub is gaining ground again today but remains below yesterday’s high. The market is watching for any impact on production from Tropical Storm Helene.

  • US Natgas OCT 24 up 2% at 2.6$/mmbtu
  • US Natgas MAR 25 up 0.5% at 3.09$/mmbtu
  • Tropical Storm Helene is expected to develop into a major hurricane before approaching the northeastern Gulf Coast on Thursday but looks set to miss LNG terminals.
  • Domestic natural gas demand is relatively unchanged on the day at 72.6bcf/d today, according to Bloomberg, to remain above the seasonal normal. The NOAA weather forecast shows above normal temperatures are expected throughout the 6-14 day forecast period.
  • US domestic natural gas production was yesterday at 100.7bcf/d compared to 100.9bcf/d over the previous week, according to Bloomberg.
  • Feedgas flow to US LNG export terminals is estimated at 12.18bcf/d today with a small increase in Freeport flows set against lower Calcasieu Pass supply and the ongoing halt at Cove Point amid planned maintenance.