NATGAS: Natural Gas End of Day Summary: Henry Hub Climbs

Henry Hub is continuing its recovery seen yesterday as the market assesses the impact of Hurricane Francine on operations the Gulf Coast.

• US Natgas OCT 24 up 1.5% at 2.27$/mmbtu
• US Natgas MAR 25 up 1% at 2.93$/mmbtu
• About 26% of natural gas output in the Gulf of Mexico was offline due to the hurricane, BSEE said Sep. 11.
• Total US LNG export terminal feedgas flows are today down to 11.7bcf/d, according to Bloomberg driven primarily by a drop in supply to Cameron and Calcasieu Pass due to Hurricane Francine.
• Domestic natural gas demand edged up again to 71.9bcf/d today compared to the previous five-year seasonal average of around 68bcf/d.
• US domestic natural gas production was down to 100.0bcf/d yesterday, according to Bloomberg,
• EIA natural gas storage change estimates: +50 Bcf (WSJ), +49 Bcf (Reuters).
• LNG stockpiles held by Japanese utilities increased 14.2% w/w to 2.09m mt to Sept. 8.
• Kinder Morgan said that maintenance on a compressor station north of Houston is expected to be completed earlier than expected, according to Bloomberg.
• NGPC declared a Force Majeure at Compressor Station 343 in Liberty County, Texas.
• The Japanese government is considering measures to assist companies to enter long term LNG purchase contracts of around 10 years.
• Pan American Energy plan to increase Vaca Muerta gas production to export more supplies to Brazil.
• Bangladesh’s Summit LNG said Sep. 11 that it is now ready for STS operations, Reuters said.
• The 2.3mtpa Tortue LNG project located offshore Senegal and Mauritania looks to be receiving a first cool-down cargo, ICIS said.
• MNI Gas Weekly: Read here