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

NATGAS
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Henry Hub is losing ground today amid concerns that Tropical Storm Francine could disrupt both power demand and LNG feedgas flows.

  • US Natgas OCT 24 down 4.4% at 2.18$/mmbtu
  • US Natgas MAR 25 down 1% at 2.91$/mmbtu
  • Tropical Storm Francine’s path threatens to impact around 1.4 bcf/d of gas output, according to Bloomberg.
  • Funds increased net long positions on seven US Henry Hub contracts in the week to Sept. 3 to halt the net decline seen in the previous few weeks.
  • US cooling demand in week to Sep. 14 is forecast to be 8 CDD above normal: Bloomberg/NOAA.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas.
  • US LNG export terminal feedgas flows are near the highest since early June at 13.4bcf/d: Bloomberg.
  • US LNG exports to Latam rose 7% in August, Platts said
  • Domestic natural gas demand is holding near the lowest since mid-June at 70.8bcf/d today: Bloomberg.
  • US domestic natural gas production fell to 101.4bcf/d yesterday: Bloomberg.
  • JKM prices fell 5.3% week-on-week to $13.465/MMBtu Sep. 6: Platts.
  • Capacity at Australia’s Ichthys LNG has been cut further to enable preventative safety inspections on Train 1.
  • Train 2 at Shell’s Curtis LNG facility in Australia resumed operations Sep. 6.
  • China boosted underground gas storage, amid early preparations for peak winter demand.
  • China’s Sinopec has received its first LNG cargo at its new terminal in southern Guandong.
  • Taiwan's LNG imports could rise to about 20m mt in 2024 from 19m mt in 2023, CPC’s VP Jane Liao said.
  • ADNOC has agreed a heads of agreement to supply Indian Oil with 1m mtpa of LNG for 15 years.
  • Russia’s plan for higher LNG exports depends on loadings from the sanctioned Arctic LNG 2 facility, Bloomberg said.
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Henry Hub is losing ground today amid concerns that Tropical Storm Francine could disrupt both power demand and LNG feedgas flows.

  • US Natgas OCT 24 down 4.4% at 2.18$/mmbtu
  • US Natgas MAR 25 down 1% at 2.91$/mmbtu
  • Tropical Storm Francine’s path threatens to impact around 1.4 bcf/d of gas output, according to Bloomberg.
  • Funds increased net long positions on seven US Henry Hub contracts in the week to Sept. 3 to halt the net decline seen in the previous few weeks.
  • US cooling demand in week to Sep. 14 is forecast to be 8 CDD above normal: Bloomberg/NOAA.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas.
  • US LNG export terminal feedgas flows are near the highest since early June at 13.4bcf/d: Bloomberg.
  • US LNG exports to Latam rose 7% in August, Platts said
  • Domestic natural gas demand is holding near the lowest since mid-June at 70.8bcf/d today: Bloomberg.
  • US domestic natural gas production fell to 101.4bcf/d yesterday: Bloomberg.
  • JKM prices fell 5.3% week-on-week to $13.465/MMBtu Sep. 6: Platts.
  • Capacity at Australia’s Ichthys LNG has been cut further to enable preventative safety inspections on Train 1.
  • Train 2 at Shell’s Curtis LNG facility in Australia resumed operations Sep. 6.
  • China boosted underground gas storage, amid early preparations for peak winter demand.
  • China’s Sinopec has received its first LNG cargo at its new terminal in southern Guandong.
  • Taiwan's LNG imports could rise to about 20m mt in 2024 from 19m mt in 2023, CPC’s VP Jane Liao said.
  • ADNOC has agreed a heads of agreement to supply Indian Oil with 1m mtpa of LNG for 15 years.
  • Russia’s plan for higher LNG exports depends on loadings from the sanctioned Arctic LNG 2 facility, Bloomberg said.