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NATGAS: Henry Hub Holds Near Lows Amid Ongoing LNG Terminal Disruptions

NATGAS

Henry Hub front month is holding just above the lowest since early May of $2.147/mmbtu from July 15 with the ongoing disruption to US LNG export terminal feedgas flows.

  • US LNG export terminal feedgas flows are today still low at 10.76bcf/d according to Bloomberg although Freeport supply has edged up to 0.46bcf/day.  Corpus Christi supply is still curtailed after a drop yesterday of approximately 0.7bcf/d.
  • US domestic natural gas production was down slightly to 101.7bcf/d yesterday compared to the average so far in July of 102.3bcf/d.
  • Domestic natural gas demand remains well above the seasonal normal at 79.6bcf/d today despite a small drop in the day. The NOAA 6-14 day forecast remains relatively unchanged on the day with below normal temperatures forecast in central areas, near normal on the east coast and above normal in the west.
  • Export flows to Mexico are today at 6.7bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was back down to 452k on July 15.
    • US Natgas AUG 24 up 0% at 2.19$/mmbtu
    • US Natgas JAN 25 up 0.1% at 3.6$/mmbtu
    • US Natgas JUL 25 up 0.1% at 3.27$/mmbtu

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