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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
Henry Hub is edging lower with strong production set against recovering LNG export flows and above normal demand amid hot weather.
- US LNG export terminal feedgas flows are today estimated up to 13.39bcf/d according to Bloomberg with Freeport LNG supply recovering up to 2.24bcf/d today. Total US feedgas is near the highest since March of 13.58ncf/d on June 1.
- US domestic natural gas production was strong up at 103.3bcf/d over the weekend as output has gradually increased from a low in late April. The US gas rig count fell back slightly last week to 101 after seeing a rebound during July after the declining trend in H1.
- Domestic lower 48 natural gas demand remains above normal at 79.3bcf/d today according to Bloomberg. The latest US weather forecast still shows above normal temperatures expected across the country throughout the coming two weeks with the biggest anomalies in western areas.
- Export flows to Mexico are today at 6.18bcf/d according to Bloomberg.
- Nymex Henry Hub daily aggregate traded futures volume was at 385k on July 26.
- US Natgas AUG 24 down 1.1% at 1.98$/mmbtu
- US Natgas JAN 25 down 0.2% at 3.48$/mmbtu
- US Natgas JUL 25 down 0.4% at 3.18$/mmbtu
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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