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

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub front month has lost ground after stabilising earlier in the day. The market weighs the impact of colder weather in the east next week and potential power demand disruption as Hurricane Milton makes landfall in Florida on Thursday morning.

  • US Natgas NOV 24 down 2.7% at 2.66$/mmbtu
  • US Natgas APR 25 down 2.5% at 2.9$/mmbtu
  • US natural gas inventories likely increased by 70 Bcf in the week to Oct. 4, according to a survey of ten analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.
  • Lower 48 natural gas demand is estimated at 70.6bcf/d today, according to Bloomberg.
  • The NOAA 6–10-day forecast has shifted colder in the eastern half of the country but remains above normal in the west while most areas are still showing above normal in the 8–14-day period.
  • US LNG export terminal feedgas supply is estimated at 12.36bcf/d today, BNEF shows.
  • US domestic natural gas production is 100.8bcf/d on Oct. 8, according to Bloomberg.
  • LNG stockpiles held by Japanese utilities rose 1.51% w/w on Oct. 6 to 2.02m mt.
  • Chevron’s Leviathan gas rig operator near Israel's coast, announced that the emergency flare was lit on Wednesday morning.
  • The INPEX-operated Ichthys LNG project in Australia expected to resume 50% production rate by Oct. 10 and full runs in November, Platts said.
  • Brazil’s weekly LNG imports surged to the highest since November 2021 at nearly 250k mt, according to Bloomberg.
  • Argentina’s government is negotiating an agreement with a major international energy company to sell 30% of gas produced in Vaca Muerta, according to the Chronicler.
  • MNI Gas Weekly: Middle East Conflict Remains in Focus: Full piece here: https://roar-assets-auto.rbl.ms/files/67866/MNI%20Gas%20Weekly%20-%20Middle%20East%20Conflict%20Remains%20in%20Focus.pdf
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Henry Hub front month has lost ground after stabilising earlier in the day. The market weighs the impact of colder weather in the east next week and potential power demand disruption as Hurricane Milton makes landfall in Florida on Thursday morning.

  • US Natgas NOV 24 down 2.7% at 2.66$/mmbtu
  • US Natgas APR 25 down 2.5% at 2.9$/mmbtu
  • US natural gas inventories likely increased by 70 Bcf in the week to Oct. 4, according to a survey of ten analysts, brokers, and traders by the WSJ, below the five-year average for the time of year.
  • Lower 48 natural gas demand is estimated at 70.6bcf/d today, according to Bloomberg.
  • The NOAA 6–10-day forecast has shifted colder in the eastern half of the country but remains above normal in the west while most areas are still showing above normal in the 8–14-day period.
  • US LNG export terminal feedgas supply is estimated at 12.36bcf/d today, BNEF shows.
  • US domestic natural gas production is 100.8bcf/d on Oct. 8, according to Bloomberg.
  • LNG stockpiles held by Japanese utilities rose 1.51% w/w on Oct. 6 to 2.02m mt.
  • Chevron’s Leviathan gas rig operator near Israel's coast, announced that the emergency flare was lit on Wednesday morning.
  • The INPEX-operated Ichthys LNG project in Australia expected to resume 50% production rate by Oct. 10 and full runs in November, Platts said.
  • Brazil’s weekly LNG imports surged to the highest since November 2021 at nearly 250k mt, according to Bloomberg.
  • Argentina’s government is negotiating an agreement with a major international energy company to sell 30% of gas produced in Vaca Muerta, according to the Chronicler.
  • MNI Gas Weekly: Middle East Conflict Remains in Focus: Full piece here: https://roar-assets-auto.rbl.ms/files/67866/MNI%20Gas%20Weekly%20-%20Middle%20East%20Conflict%20Remains%20in%20Focus.pdf