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NATGAS: Henry Hub Supported by Produciton Dip and Steady LNG Exports

NATGAS
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Front month Henry Hub has rallied to a high just over $2.2/mmbtu with a dip in production and steady LNG exports, after thin volumes yesterday due to the US holiday.

  • Domestic natural gas demand is relatively unchanged on the day at 71.7bcf/d to remain just above the previous seasonal five year average, according to Bloomberg. The latest NOAA 6-14 temperature forecast has warmed slightly in eastern areas since yesterday with near normal now expected while western areas are still forecast above normal throughout.
  • US domestic natural gas production dipped to 101.6bcf/d yesterday, according to Bloomberg, compared to an average of 102.5bcf/d in August.
  • US LNG export terminal feedgas flows are estimated at 13.03bcf/d today, according to Bloomberg compared to an average of 12.7bcf/d in August.
  • Export flows to Mexico are today estimated up at 7.2bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was down at 51k on Sep 2 due to the US holiday.
    • US Natgas OCT 24 up 1.8% at 2.17$/mmbtu
    • US Natgas MAR 25 down 0.1% at 2.89$/mmbtu
    • US Natgas SEP 25 down 0.4% at 3.14$/mmbtu
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Front month Henry Hub has rallied to a high just over $2.2/mmbtu with a dip in production and steady LNG exports, after thin volumes yesterday due to the US holiday.

  • Domestic natural gas demand is relatively unchanged on the day at 71.7bcf/d to remain just above the previous seasonal five year average, according to Bloomberg. The latest NOAA 6-14 temperature forecast has warmed slightly in eastern areas since yesterday with near normal now expected while western areas are still forecast above normal throughout.
  • US domestic natural gas production dipped to 101.6bcf/d yesterday, according to Bloomberg, compared to an average of 102.5bcf/d in August.
  • US LNG export terminal feedgas flows are estimated at 13.03bcf/d today, according to Bloomberg compared to an average of 12.7bcf/d in August.
  • Export flows to Mexico are today estimated up at 7.2bcf/d, according to Bloomberg.
  • Nymex Henry Hub daily aggregate traded futures volume was down at 51k on Sep 2 due to the US holiday.
    • US Natgas OCT 24 up 1.8% at 2.17$/mmbtu
    • US Natgas MAR 25 down 0.1% at 2.89$/mmbtu
    • US Natgas SEP 25 down 0.4% at 3.14$/mmbtu