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

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub has lost ground today, with the slow recovery in Gulf of Mexico production outweighed by limited demand due to a warmer weather forecast.

  • US Natgas OCT 24 down 2.1% at 2.32$/mmbtu
  • US Natgas MAR 25 down 0% at 2.92$/mmbtu
  • About 298mcf (or 16%) of natural gas output in the U.S. Gulf of Mexico was still offline following Hurricane Francine, BSEE said Sep. 16.
  • Gas flows to US LNG export terminals is up to 13.07bcf/d today according to BNEF.
  • Domestic natural gas demand is today estimated up to 72.0bcf/d, according to Bloomberg.
  • US natural gas storage likely saw another below-average build of 62 bcf in the week to Sep. 13, according to Reuters.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days is up 0.8% on the week at 4.1m mt, Bloomberg said.
  • Global LNG demand rose 3% in the week to Sept. 15 to 8.05m mt, according to BNEF.
  • Malaysia’s 30-day moving average of LNG exports rose to its highest since late-July on Sep. 15, according to Bloomberg.
  • D.Trading, the commercial arm of Ukraine power producer DTEK, hopes to agree to receive its first LNG cargo from Venture Global expected to arrive in December.
  • Venture Global LNG has signed a five-year deal with Gastrade SA to regasify up to 1m mt of LNG at Greece’s Alexandroupolis LNG import terminal for five years beginning in 2025.
  • An LNG tanker with a US cargo on board, initially expected on Sep. 25 is now heading toward China, Bloomberg said.
  • Chevron’s CEO Michael Wirth criticised the Biden administration’s policy towards the natural gas industry.
  • Argentina will likely import 26-32 LNG cargoes in 2025, Platts said.
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Henry Hub has lost ground today, with the slow recovery in Gulf of Mexico production outweighed by limited demand due to a warmer weather forecast.

  • US Natgas OCT 24 down 2.1% at 2.32$/mmbtu
  • US Natgas MAR 25 down 0% at 2.92$/mmbtu
  • About 298mcf (or 16%) of natural gas output in the U.S. Gulf of Mexico was still offline following Hurricane Francine, BSEE said Sep. 16.
  • Gas flows to US LNG export terminals is up to 13.07bcf/d today according to BNEF.
  • Domestic natural gas demand is today estimated up to 72.0bcf/d, according to Bloomberg.
  • US natural gas storage likely saw another below-average build of 62 bcf in the week to Sep. 13, according to Reuters.
  • The quantity of LNG on tankers that have not unloaded for at least 20 days is up 0.8% on the week at 4.1m mt, Bloomberg said.
  • Global LNG demand rose 3% in the week to Sept. 15 to 8.05m mt, according to BNEF.
  • Malaysia’s 30-day moving average of LNG exports rose to its highest since late-July on Sep. 15, according to Bloomberg.
  • D.Trading, the commercial arm of Ukraine power producer DTEK, hopes to agree to receive its first LNG cargo from Venture Global expected to arrive in December.
  • Venture Global LNG has signed a five-year deal with Gastrade SA to regasify up to 1m mt of LNG at Greece’s Alexandroupolis LNG import terminal for five years beginning in 2025.
  • An LNG tanker with a US cargo on board, initially expected on Sep. 25 is now heading toward China, Bloomberg said.
  • Chevron’s CEO Michael Wirth criticised the Biden administration’s policy towards the natural gas industry.
  • Argentina will likely import 26-32 LNG cargoes in 2025, Platts said.