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

Henry Hub is extending its gains today to reach its highest level since Aug. 22. A return to normal natural gas export levels and lower production on the day is likely to be supportive.

• US Natgas OCT 24 up 3% at 2.19$/mmbtu
• US Natgas MAR 25 up 0.8% at 2.91$/mmbtu
• US LNG export terminal feedgas flows are estimated at 13.09bcf/d today, according to Bloomberg, slightly down from 13.11 bcf/d.
• Domestic natural gas demand has dropped further to 71.36bcf/d but remains above seasonal normal, according to Bloomberg.
• US cooling demand for the week ending Sep. 7 is forecast to be 8 cooling degree days (CDD) above the long-term normal, according to Bloomberg, citing the NOAA.
• US domestic natural gas production is down today to 100.92 bcf/d, Bloomberg said.
• LNG floating storage on the water globally has topped 1.7m mt last week for over 30-days, signalling Europe and other key consumers have more than enough supplies for now, Bloomberg said.
• Widening differentials between natural gas and LNG could encourage more trading activity, Platts said.
• Shell will sell Turkey's Botas 4 bcm of LNG per year starting in 2027.
• Bulgaria’s Bulgargaz has launched three tenders for 0.5 bcm of LNG, for winter delivery, Platts said.
• The DoE authorised Mexico’s 1.4m mtpa Altamira LNG to export cargoes produced from US feedgas to non-US FTA countries, Argus said.
• LNG Canada expects to introduce natural gas to its Kitimat facility and flaring activities for the first time as part of the project's commissioning and start-up.
• LNG deliveries to Central and South America rose 35% y/y in August, driven by an increase in shipments to Brazil.
• Preparatory works of Russia's planned new gas pipeline to China via Mongolia is proceeding as scheduled according to President Putin.