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NATGAS: Henry Hub Holds Near Highest Since Mid June

NATGAS
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Henry Hub front month futures are holding near the highest since mid June of $2.934/mmbtu earlier today with a declining storage surplus towards the end of the injection season while demand holds above normal and despite the return of Gulf of Mexico production following Hurricane Helene disruption.

  • US domestic natural gas production was yesterday at 101.1bcf/d compared an average of 101bcf/d in the previous week, according to Bloomberg. Only 17mcf/d, or 1%, of natural gas production in the Gulf of Mexico remained shut in after Hurricane Helene passed through the region last week, according to the BSEE on Sunday.
  • Feedgas flow to US LNG export terminals are today estimated at 12.35bcf/d, Bloomberg shows. Cove Point LNG shut down around Sept. 20 for planned annual maintenance scheduled to last about three weeks.
  • Domestic natural gas demand is today at 72.06bcf/d today, according to Bloomberg, after dipping near to normal to a recent low of 65.6bcf/d on Sept. 28. The weather forecast still shows above normal temperatures in central and western areas in the 6-14 day period but the east coast is expected closer to normal.
  • Export flows to Mexico are today estimated at 6.9bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 532k on Sept. 27.
    • US Natgas NOV 24 up 0.1% at 2.91$/mmbtu
    • US Natgas DEC 24 up 0.3% at 3.32$/mmbtu
    • US Natgas OCT 25 up 0.4% at 3.42$/mmbtu
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Henry Hub front month futures are holding near the highest since mid June of $2.934/mmbtu earlier today with a declining storage surplus towards the end of the injection season while demand holds above normal and despite the return of Gulf of Mexico production following Hurricane Helene disruption.

  • US domestic natural gas production was yesterday at 101.1bcf/d compared an average of 101bcf/d in the previous week, according to Bloomberg. Only 17mcf/d, or 1%, of natural gas production in the Gulf of Mexico remained shut in after Hurricane Helene passed through the region last week, according to the BSEE on Sunday.
  • Feedgas flow to US LNG export terminals are today estimated at 12.35bcf/d, Bloomberg shows. Cove Point LNG shut down around Sept. 20 for planned annual maintenance scheduled to last about three weeks.
  • Domestic natural gas demand is today at 72.06bcf/d today, according to Bloomberg, after dipping near to normal to a recent low of 65.6bcf/d on Sept. 28. The weather forecast still shows above normal temperatures in central and western areas in the 6-14 day period but the east coast is expected closer to normal.
  • Export flows to Mexico are today estimated at 6.9bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 532k on Sept. 27.
    • US Natgas NOV 24 up 0.1% at 2.91$/mmbtu
    • US Natgas DEC 24 up 0.3% at 3.32$/mmbtu
    • US Natgas OCT 25 up 0.4% at 3.42$/mmbtu