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NATGAS: Natural Gas End of Day Summary: Henry Hub Heads for Losses

NATGAS
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Henry Hub is heading for losses on the day. Pressure comes from milder than expected temperatures. This is despite a slow ramp up of production after Hurricane Francine.

  • US Natgas OCT 24 down 1.3% at 2.29$/mmbtu
  • US Natgas MAR 25 up 0.1% at 2.92$/mmbtu
  • US natural gas inventories likely increased by 57 Bcf in week to Sep. 13 – WSJ survey
  • US domestic natural gas production was down on the day to 99.8bcf/d yesterday, according to Bloomberg.
  • Feedgas flows to US LNG export terminals are down on the day to 12.69bcf/d today, BNEF said.
  • Domestic natural gas demand remains relatively stable at 72.4bcf/d, according to Bloomberg.
  • The first two Plaquemines LNG cargoes will head to Germany, according to Venture Global’s CEO at Gastech, cited by Bloomberg.
  • East-West LNG arbitrage economics are improving Platts said.
  • Argentina’s Enarsa will bring 25 LNG cargoes in 2025, down from 30 this year, a company source told Platts.
  • Aramco has taken the first steps to become a major LNG player, said Abdulkarim Al-Ghamdi the head of its natural gas business, with an increased stake in MidOcean Energy this month, Reuters reported.
  • Malaysia’s growing energy requirements could drive the LNG exporter to consider expansion of LNG imports.
  • Turkey’s Botas has signed a 10-year LNG supply deal with Total for 1.1m mtpa of LNG from 2027.
  • China is now importing record volumes of pipeline gas, Interfax said.
  • Libya is aiming to double its natural gas production to 4 bcf/d over the next 4-5 years, the country’s Oil & Gas Minister said at Gastech.
  • MNI Gas Weekly: Norwegian Supply Return Weighs on European Gas: Full piece here: 
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Henry Hub is heading for losses on the day. Pressure comes from milder than expected temperatures. This is despite a slow ramp up of production after Hurricane Francine.

  • US Natgas OCT 24 down 1.3% at 2.29$/mmbtu
  • US Natgas MAR 25 up 0.1% at 2.92$/mmbtu
  • US natural gas inventories likely increased by 57 Bcf in week to Sep. 13 – WSJ survey
  • US domestic natural gas production was down on the day to 99.8bcf/d yesterday, according to Bloomberg.
  • Feedgas flows to US LNG export terminals are down on the day to 12.69bcf/d today, BNEF said.
  • Domestic natural gas demand remains relatively stable at 72.4bcf/d, according to Bloomberg.
  • The first two Plaquemines LNG cargoes will head to Germany, according to Venture Global’s CEO at Gastech, cited by Bloomberg.
  • East-West LNG arbitrage economics are improving Platts said.
  • Argentina’s Enarsa will bring 25 LNG cargoes in 2025, down from 30 this year, a company source told Platts.
  • Aramco has taken the first steps to become a major LNG player, said Abdulkarim Al-Ghamdi the head of its natural gas business, with an increased stake in MidOcean Energy this month, Reuters reported.
  • Malaysia’s growing energy requirements could drive the LNG exporter to consider expansion of LNG imports.
  • Turkey’s Botas has signed a 10-year LNG supply deal with Total for 1.1m mtpa of LNG from 2027.
  • China is now importing record volumes of pipeline gas, Interfax said.
  • Libya is aiming to double its natural gas production to 4 bcf/d over the next 4-5 years, the country’s Oil & Gas Minister said at Gastech.
  • MNI Gas Weekly: Norwegian Supply Return Weighs on European Gas: Full piece here: