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NATGAS: Natural Gas End of Day Summary: Henry Hub Gains Ground

NATGAS
Energy BulletsBulletPower BulletsCommodities

Front month Henry Hub is has ticked up today but has pared earlier gains. The market is watching for any impact on production from Tropical Storm Helene.

  • US Natgas OCT 24 up 1.3% at 2.58$/mmbtu
  • US Natgas MAR 25 up 0.4% at 3.08$/mmbtu
  • Tropical Storm Helene is expected to develop into a major hurricane before approaching the northeastern Gulf Coast on Thursday but looks set to miss LNG terminals.
  • Domestic natural gas demand is 72.6bcf/d today, according to Bloomberg.
  • US domestic natural gas production was yesterday at 100.7bcf/d compared to 100.9bcf/d over the previous week, according to Bloomberg.
  • Feedgas flow to US LNG export terminals is estimated at 12.18bcf/d today, Bloomberg said.
  • US natural gas inventories likely rose by 53 Bcf last week: WSJ survey.
  • EQT plans to reverse some natural gas production curtailments in October and November as demand and prices increase, Reuters said.
  • US natural gas prices could spike due to new demand from AI-powered data centres, Bloomberg said.
  • The EC is not involved in any talks to facilitate continued transit of natural gas via Ukraine, its director general for energy said.
  • Platts does not expect any new Ukraine gas transit deal.
  • European buyers of LNG are signing fewer long-term deals anticipating waning demand: Total.
  • LNG stockpiles held by Japanese utilities fell 12.3% w/w to 1.64m mt Sep. 22, the lowest level since April.
  • Japan is in talks with Italy to sign a comprehensive MoU to secure LNG supply during emergencies, according to NHK
  • Russia’s gas production grew 7.5% year-on-year to 51.6 bcm in Aug, Interfax said citing Rosstat.
  • MNI Gas Weekly: Azeri-Ukrainian Transit Deal Takes Focus: Full piece here: https://roar-assets-auto.rbl.ms/files/67606/MNI%20Gas%20Weekly%20-%20Azeri-Ukrainian%20Transit%20Deal%20Takes%20Focus.pdf
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Front month Henry Hub is has ticked up today but has pared earlier gains. The market is watching for any impact on production from Tropical Storm Helene.

  • US Natgas OCT 24 up 1.3% at 2.58$/mmbtu
  • US Natgas MAR 25 up 0.4% at 3.08$/mmbtu
  • Tropical Storm Helene is expected to develop into a major hurricane before approaching the northeastern Gulf Coast on Thursday but looks set to miss LNG terminals.
  • Domestic natural gas demand is 72.6bcf/d today, according to Bloomberg.
  • US domestic natural gas production was yesterday at 100.7bcf/d compared to 100.9bcf/d over the previous week, according to Bloomberg.
  • Feedgas flow to US LNG export terminals is estimated at 12.18bcf/d today, Bloomberg said.
  • US natural gas inventories likely rose by 53 Bcf last week: WSJ survey.
  • EQT plans to reverse some natural gas production curtailments in October and November as demand and prices increase, Reuters said.
  • US natural gas prices could spike due to new demand from AI-powered data centres, Bloomberg said.
  • The EC is not involved in any talks to facilitate continued transit of natural gas via Ukraine, its director general for energy said.
  • Platts does not expect any new Ukraine gas transit deal.
  • European buyers of LNG are signing fewer long-term deals anticipating waning demand: Total.
  • LNG stockpiles held by Japanese utilities fell 12.3% w/w to 1.64m mt Sep. 22, the lowest level since April.
  • Japan is in talks with Italy to sign a comprehensive MoU to secure LNG supply during emergencies, according to NHK
  • Russia’s gas production grew 7.5% year-on-year to 51.6 bcm in Aug, Interfax said citing Rosstat.
  • MNI Gas Weekly: Azeri-Ukrainian Transit Deal Takes Focus: Full piece here: https://roar-assets-auto.rbl.ms/files/67606/MNI%20Gas%20Weekly%20-%20Azeri-Ukrainian%20Transit%20Deal%20Takes%20Focus.pdf