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NATGAS: Henry Hub Remains Strong Amid Lower Production and Dip in LNG Feedgas

NATGAS
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Henry Hub front month is trading higher but below the high of yesterday with a drop in LNG export terminal feedgas flows set against lower production in the last week while the surge in Europe price has paused.

  • US LNG export terminal feedgas flows are today down to 12.0bcf/d according to Bloomberg driven primarily by a further drop in Sabine Pass supply of around 0.5bcf/d on the day to 3.62bcf/d.
  • US domestic natural gas production was holding steady at 101.4bcf/d yesterday according to Bloomberg and still below the average of 103.9bcf/d from early August and of 102.6bcf/d in July.
  • Domestic lower 48 natural gas demand edges higher today to 76.1bcf/d today, according to Bloomberg. Temperatures have shifted warmer in the south in the 6-10 day period with above normal set to dominate in central areas but closer to normal expected on both east and west coasts in the coming two weeks.
  • Export flows to Mexico are today at 6.65bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 492k on Aug 12.
    • US Natgas SEP 24 up 1.6% at 2.22$/mmbtu
    • US Natgas FEB 25 down 0.2% at 3.46$/mmbtu
    • US Natgas AUG 25 up 0.4% at 3.36$/mmbtu
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Henry Hub front month is trading higher but below the high of yesterday with a drop in LNG export terminal feedgas flows set against lower production in the last week while the surge in Europe price has paused.

  • US LNG export terminal feedgas flows are today down to 12.0bcf/d according to Bloomberg driven primarily by a further drop in Sabine Pass supply of around 0.5bcf/d on the day to 3.62bcf/d.
  • US domestic natural gas production was holding steady at 101.4bcf/d yesterday according to Bloomberg and still below the average of 103.9bcf/d from early August and of 102.6bcf/d in July.
  • Domestic lower 48 natural gas demand edges higher today to 76.1bcf/d today, according to Bloomberg. Temperatures have shifted warmer in the south in the 6-10 day period with above normal set to dominate in central areas but closer to normal expected on both east and west coasts in the coming two weeks.
  • Export flows to Mexico are today at 6.65bcf/d according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 492k on Aug 12.
    • US Natgas SEP 24 up 1.6% at 2.22$/mmbtu
    • US Natgas FEB 25 down 0.2% at 3.46$/mmbtu
    • US Natgas AUG 25 up 0.4% at 3.36$/mmbtu