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NATGAS: Henry Hub Resumes Decline as LNG Feedgas Still Curtailed

NATGAS
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Henry Hub is edging lower to resume the trend in place since early October as LNG terminal feedgas supplies are still curtailed and with a mixed US weather forecast into the start of November.

  • Lower 48 natural gas demand has edged up to 70.3bcf/d today, according to Bloomberg. The NOAA 6-14 day forecast shows a continuation of above normal temperatures in central and eastern areas but below normal in the west throughout.
  • US LNG export terminal feedgas supply is estimated up slightly to 12.1bcf/d today, BNEF shows, but well below a peak of nearly 14bcf/d on Oct. 17. Both Cameron LNG and Sabine Pass LNG feedgas nominations show volumes equivalent to about one train at each facility offline.
  • US domestic natural gas production has dipped slightly to 102.1bcf/d yesterday, according to Bloomberg, compared to an average of 102.6bcf/d over the previous week.
  • Export flows to Mexico are estimated at 6.9bcf/d today, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 580k on Oct. 22.
    • US Natgas NOV 24 down 1.8% at 2.27$/mmbtu
    • US Natgas APR 25 down 1.1% at 2.73$/mmbtu
    • US Natgas OCT 25 down 0.7% at 3.23$/mmbtu
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Henry Hub is edging lower to resume the trend in place since early October as LNG terminal feedgas supplies are still curtailed and with a mixed US weather forecast into the start of November.

  • Lower 48 natural gas demand has edged up to 70.3bcf/d today, according to Bloomberg. The NOAA 6-14 day forecast shows a continuation of above normal temperatures in central and eastern areas but below normal in the west throughout.
  • US LNG export terminal feedgas supply is estimated up slightly to 12.1bcf/d today, BNEF shows, but well below a peak of nearly 14bcf/d on Oct. 17. Both Cameron LNG and Sabine Pass LNG feedgas nominations show volumes equivalent to about one train at each facility offline.
  • US domestic natural gas production has dipped slightly to 102.1bcf/d yesterday, according to Bloomberg, compared to an average of 102.6bcf/d over the previous week.
  • Export flows to Mexico are estimated at 6.9bcf/d today, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was 580k on Oct. 22.
    • US Natgas NOV 24 down 1.8% at 2.27$/mmbtu
    • US Natgas APR 25 down 1.1% at 2.73$/mmbtu
    • US Natgas OCT 25 down 0.7% at 3.23$/mmbtu