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NATGAS: Natural Gas End of Day Summary: Henry Hub Closes Higher

NATGAS
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Henry Hub was volatile as close approached, with the market supported by strong domestic and LNG demand, bolstered further by colder weather.

  • US Natgas DEC 24 up 1.8% at 3.43$/mmbtu
  • US Natgas MAY 25 up 1.2% at 3.08$/mmbtu
  • Lower 48 natural gas demand is up again to 89.3bcf/d today, according to Bloomberg.
  • The NOAA 6–14-day forecast shows below normal in the east but above normal in the west.
  • US LNG export terminal feedgas supply is estimated at 13.90bcf/d today, BNEF shows.
  • US domestic natural gas production remains strong at 103.9bcf/d today, Bloomberg said.
  • US natural gas inventories likely fallen by 2 Bcf in the week to Nov. 22, according to a WSJ survey.
  • The global supply of new LNG may not come online until 2027, Equinor said.
  • Woodside safely shut down its Pluto LNG facility Nov. 25 due to an unplanned event according to the company.
  • Plans by Trumps administration to reverse LNG permitting restrictions on his first day in office will not have a near term impact on global gas supply: Goldman Sachs.
  • LNG at sea has fallen from a peak late last week but rose in the last week after an increasing trend in place since mid-October.
  • Australia’s Woodside Energy said it expects the LNG market to grow 50% in the coming decade, according to Reuters, citing its CEO.
  • The current volatility within gas prices, especially in Europe, is a ‘signal that the market is much tighter than many expected,’ Woodside’s CEO said,
  • Uncertainties surrounding the future of Russian gas supplies through Ukraine and delays in global LNG projects are keeping the market tight, Gunvor’s CEO said.
  • YPFB has signed a deal to ship Argentine gas to Brazil via Bolivia according to Bloomberg.
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Henry Hub was volatile as close approached, with the market supported by strong domestic and LNG demand, bolstered further by colder weather.

  • US Natgas DEC 24 up 1.8% at 3.43$/mmbtu
  • US Natgas MAY 25 up 1.2% at 3.08$/mmbtu
  • Lower 48 natural gas demand is up again to 89.3bcf/d today, according to Bloomberg.
  • The NOAA 6–14-day forecast shows below normal in the east but above normal in the west.
  • US LNG export terminal feedgas supply is estimated at 13.90bcf/d today, BNEF shows.
  • US domestic natural gas production remains strong at 103.9bcf/d today, Bloomberg said.
  • US natural gas inventories likely fallen by 2 Bcf in the week to Nov. 22, according to a WSJ survey.
  • The global supply of new LNG may not come online until 2027, Equinor said.
  • Woodside safely shut down its Pluto LNG facility Nov. 25 due to an unplanned event according to the company.
  • Plans by Trumps administration to reverse LNG permitting restrictions on his first day in office will not have a near term impact on global gas supply: Goldman Sachs.
  • LNG at sea has fallen from a peak late last week but rose in the last week after an increasing trend in place since mid-October.
  • Australia’s Woodside Energy said it expects the LNG market to grow 50% in the coming decade, according to Reuters, citing its CEO.
  • The current volatility within gas prices, especially in Europe, is a ‘signal that the market is much tighter than many expected,’ Woodside’s CEO said,
  • Uncertainties surrounding the future of Russian gas supplies through Ukraine and delays in global LNG projects are keeping the market tight, Gunvor’s CEO said.
  • YPFB has signed a deal to ship Argentine gas to Brazil via Bolivia according to Bloomberg.