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NATGAS: Natural Gas Summary End of Day Summary: Henry Hub up on Week

NATGAS
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Henry Hub is losing ground today having erased earlier gains. However, front month is set for a net weekly rise of 1.5%, supported by a drop in domestic production after Hurricane Francine and continued low storage injection rates.

  • US Natgas OCT 24 down 2% at 2.31$/mmbtu
  • US Natgas MAR 25 down 1.8% at 2.88$/mmbtu
  • The US total gas rig count was up 3 on the week at 97 rigs, according to Baker Hughes, down 24 rigs, or 19.8% on the year.
  • US domestic natural gas production was at 100.1bcf/d yesterday, Bloomberg said.
  • Domestic natural gas demand is today estimate at 71.6bcf/d, Bloomberg said.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas and below normal temperatures in the west.
  • Gas flows to US LNG liquefaction plants have remained stable since Sep. 11 around 11.87bcf/d, BNEF said.
  • Power supply to the US Freeport LNG exports terminal in Texas fell by about a third during the morning of Sep. 13, Bloomberg said.
  • The number of US LNG export cargoes fell to 23 in the week to Sept. 11, the EIA said.
  • Both Trump and Harris would likely try to resume LNG export approvals, Montel reported.
  • Asian spot LNG prices fell this week amid limited demand for November deliveries and as supply concerns from the USGC, Reuters said.
  • Crown LNG said it hopes to take FID on a new 5mtpa LNG import facility at Grangemouth, Scotland in Q2 2025, according to ICIS.
  • Israel’s Karish gas project is now setting new output records, MEES said.
  • Jordan’s state utility Nepco has signed a 10-year charter agreement with BW Energy for an FSU to be moored at Aqaba from Q3 2026, MEES said.
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Henry Hub is losing ground today having erased earlier gains. However, front month is set for a net weekly rise of 1.5%, supported by a drop in domestic production after Hurricane Francine and continued low storage injection rates.

  • US Natgas OCT 24 down 2% at 2.31$/mmbtu
  • US Natgas MAR 25 down 1.8% at 2.88$/mmbtu
  • The US total gas rig count was up 3 on the week at 97 rigs, according to Baker Hughes, down 24 rigs, or 19.8% on the year.
  • US domestic natural gas production was at 100.1bcf/d yesterday, Bloomberg said.
  • Domestic natural gas demand is today estimate at 71.6bcf/d, Bloomberg said.
  • The NOAA 6–14-day forecast shows above normal temperatures in central and eastern areas and below normal temperatures in the west.
  • Gas flows to US LNG liquefaction plants have remained stable since Sep. 11 around 11.87bcf/d, BNEF said.
  • Power supply to the US Freeport LNG exports terminal in Texas fell by about a third during the morning of Sep. 13, Bloomberg said.
  • The number of US LNG export cargoes fell to 23 in the week to Sept. 11, the EIA said.
  • Both Trump and Harris would likely try to resume LNG export approvals, Montel reported.
  • Asian spot LNG prices fell this week amid limited demand for November deliveries and as supply concerns from the USGC, Reuters said.
  • Crown LNG said it hopes to take FID on a new 5mtpa LNG import facility at Grangemouth, Scotland in Q2 2025, according to ICIS.
  • Israel’s Karish gas project is now setting new output records, MEES said.
  • Jordan’s state utility Nepco has signed a 10-year charter agreement with BW Energy for an FSU to be moored at Aqaba from Q3 2026, MEES said.