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

Henry Hub is rising today, although remains within the three-day trading range. Prices rebounded after news of disruption at Freeport LNG and have surged as close approaches. 

• US Natgas SEP 24 up 4% at 1.98$/mmbtu
• US Natgas FEB 25 up 0.4% at 3.24$/mmbtu
• Freeport LNG is actively working to restart operations after the fire safety suppression system was activated during routine maintenance, a spokeswoman said cited by Bloomberg.
• US natural gas inventories likely increased by 37 bcf in the week to Aug. 23, according to a WSJ survey.
• US LNG export terminal feedgas flows are estimated at 12.31bcf/d today, the lowest since Aug. 14 with Freeport’s intake down to 1.43 bcf/d from a normal level of around 2.1 bcf/d.
• Domestic natural gas demand is relatively unchanged on the day at 80.4bcf/d compared to the seasonal normal of around 71bcf/d, according to Bloomberg. 
• Lower 48 temperatures are still forecast to hold above normal through the end of the month. 
• US domestic natural gas production was 102.7bcf/d yesterday, Bloomberg said.
• Russia’s LNG production rose by 1% on the year to 2.2m mt in July, according to Rosstat, cited by Bloomberg.
• UK’s Grain LNG terminal will receive its first delivery since June, according to Bloomberg.
• LNG stockpiles held by Japanese utilities increased 6.74% w/w to 2.06m mt in the week to Aug. 25.
• Russian gas production increased 16% y/y in July to 52 bcm, Kommersant said.
• The first cargo from New Fortress’ 1.4m mtpa Altamira LNG export terminal in Mexico arrived at the Panama Canal Aug. 27, Platts said.
• Egypt is set to receive a rare 75k mt LNG cargo from Nigeria Aug. 28, Platts said.
• The proposed Power of Siberia 2 pipeline between Russia and China looks in doubt.
• MNI Gas Weekly: Read Here