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NATGAS: Natural Gas End of Day: Henry Hub Reverses Previous Day’s Gains

NATGAS
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Henry Hub has extended its losses on the day to completely reverse yesterday’s storage withdrawal related gains. Rising temperatures and lower residential demand are adding pressure.

  • US Natgas JAN 25 down 5.2% at 3.27$/mmbtu
  • US Natgas FEB 25 down 3.5% at 3.09$/mmbtu
  • EBW Analytics sees possibility of 19 Bcf/d demand loss next week though Christmas week looks colder. Jan gas down 3.1% at $3.35/mmBtu.
  • The EIA weekly gas inventories showed a larger than expected withdrawal for the week ending Dec. 6 at 190bcf.
  • US natural gas storage likely saw an above-average draw of 119 bcf in the week to Dedc. 13, according to a Reuters survey.
  • US LNG export terminal feedgas supply is estimated near the highest since January at 14.32bcf/d today, BNEF said.
  • Lower 48 natural gas demand edges lower to 106.3bcf/d today but remain above normal, according to Bloomberg.
  • The NOAA forecast has cooled slightly with above normal still in the west but near normal spreading further from the west in the 6–10-day period. The 8–14-day forecast shows below normal on the East Coast.
  • The number of US LNG export cargoes rose to 27 in the week to Dec. 11 from 26 the week prior, according to the EIA.
  • The Russian envoy to Austria said OMV’s decision to terminate a gas supply deal with Russia's Gazprom will have consequences, according to Reuters citing RIA news agency.
  • Plaquemines LNG was on track to pull enough feedgas Dec. 13 to produce its first LNG cargo, according to Reuters.
  • Korea Gas’ LNG sales in November fell 13.9% from a year earlier, which marks the sharpest decline in a year due to weak demand for heating and power production, Platts said.
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Henry Hub has extended its losses on the day to completely reverse yesterday’s storage withdrawal related gains. Rising temperatures and lower residential demand are adding pressure.

  • US Natgas JAN 25 down 5.2% at 3.27$/mmbtu
  • US Natgas FEB 25 down 3.5% at 3.09$/mmbtu
  • EBW Analytics sees possibility of 19 Bcf/d demand loss next week though Christmas week looks colder. Jan gas down 3.1% at $3.35/mmBtu.
  • The EIA weekly gas inventories showed a larger than expected withdrawal for the week ending Dec. 6 at 190bcf.
  • US natural gas storage likely saw an above-average draw of 119 bcf in the week to Dedc. 13, according to a Reuters survey.
  • US LNG export terminal feedgas supply is estimated near the highest since January at 14.32bcf/d today, BNEF said.
  • Lower 48 natural gas demand edges lower to 106.3bcf/d today but remain above normal, according to Bloomberg.
  • The NOAA forecast has cooled slightly with above normal still in the west but near normal spreading further from the west in the 6–10-day period. The 8–14-day forecast shows below normal on the East Coast.
  • The number of US LNG export cargoes rose to 27 in the week to Dec. 11 from 26 the week prior, according to the EIA.
  • The Russian envoy to Austria said OMV’s decision to terminate a gas supply deal with Russia's Gazprom will have consequences, according to Reuters citing RIA news agency.
  • Plaquemines LNG was on track to pull enough feedgas Dec. 13 to produce its first LNG cargo, according to Reuters.
  • Korea Gas’ LNG sales in November fell 13.9% from a year earlier, which marks the sharpest decline in a year due to weak demand for heating and power production, Platts said.