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NATGAS: Natural Gas End of Day Summary: Henry Hub Ticks Up

NATGAS
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Henry Hub front month is ticking up today, supported by higher LNG feedgas flows, higher domestic demand, and slightly lower production levels.

  • US Natgas NOV 24 up 0.4% at 2.5$/mmbtu
  • US Natgas APR 25 up 1% at 2.79$/mmbtu
  • Lower 48 natural gas demand is estimated at 72.15bcf/d today, according to Bloomberg.
  • Lower 48 temperatures below normal this week are expected to warm back above normal into the weekend.
  • US LNG export terminal feedgas supply is slightly higher on the day to 13.41bcf/d today, BNEF shows.
  • US domestic natural gas production was down slightly on the day yesterday at 101.9bcf/d, according to Bloomberg.
  • Italy’s Edison was last week told by Venture Global that first contract cargoes from its Calcasieu Pass LNG, Louisiana export facility would not be available until April 2025 at the earliest.
  • LNG floating storage has fallen back below levels seen this time last year but remains above normal ahead of the upcoming winter heating season.
  • Global LNG demand fell 5% in the week to Oct. 13 to 7.37m mt with a decline in Southern Asia, Europe and the Americas only partly offset by a rebound in the JKCT region imports, BNEF said.
  • EU ministers met on Tuesday morning to discuss the regions rising LNG imports from Russia and Ukrainian energy storage ahead of winter.
  • Russian gas deliveries to the EU have been significantly higher than long-term contracts should see delivered, the bloc’s energy commissioner told a news conference said Oct. 15.
  • Gas supplies from Libya’s Mellitah complex to Italy will be materially reduced and could gradually decline to zero during planned maintenance, according to ENI.
  • The increasing supply of renewables, coupled with robust underground storage, has reduced the demand for natural gas and LNG in Spain, Platts said.
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Henry Hub front month is ticking up today, supported by higher LNG feedgas flows, higher domestic demand, and slightly lower production levels.

  • US Natgas NOV 24 up 0.4% at 2.5$/mmbtu
  • US Natgas APR 25 up 1% at 2.79$/mmbtu
  • Lower 48 natural gas demand is estimated at 72.15bcf/d today, according to Bloomberg.
  • Lower 48 temperatures below normal this week are expected to warm back above normal into the weekend.
  • US LNG export terminal feedgas supply is slightly higher on the day to 13.41bcf/d today, BNEF shows.
  • US domestic natural gas production was down slightly on the day yesterday at 101.9bcf/d, according to Bloomberg.
  • Italy’s Edison was last week told by Venture Global that first contract cargoes from its Calcasieu Pass LNG, Louisiana export facility would not be available until April 2025 at the earliest.
  • LNG floating storage has fallen back below levels seen this time last year but remains above normal ahead of the upcoming winter heating season.
  • Global LNG demand fell 5% in the week to Oct. 13 to 7.37m mt with a decline in Southern Asia, Europe and the Americas only partly offset by a rebound in the JKCT region imports, BNEF said.
  • EU ministers met on Tuesday morning to discuss the regions rising LNG imports from Russia and Ukrainian energy storage ahead of winter.
  • Russian gas deliveries to the EU have been significantly higher than long-term contracts should see delivered, the bloc’s energy commissioner told a news conference said Oct. 15.
  • Gas supplies from Libya’s Mellitah complex to Italy will be materially reduced and could gradually decline to zero during planned maintenance, according to ENI.
  • The increasing supply of renewables, coupled with robust underground storage, has reduced the demand for natural gas and LNG in Spain, Platts said.