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

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Henry Hub has extended gains on the day and is on track to close at a near 2-year high. Support comes from strong flows to LNG terminals, colder weather forecasts, and the resulting increased heating demand.

  • US Natgas JAN 25 up 7.8% at 3.94$/mmbtu
  • US Natgas FEB 25 up 4.1% at 3.48$/mmbtu
  • LSEG estimates 376 heating degree days over the next two weeks, compared with 370 estimated on Monday.
  • The amount of gas flowing to the eight big U.S. LNG export plants rose to 14.13 bcf/d today, compared to 13.97 bcf/d yesterday.
  • LSEG said average gas output in the Lower 48 U.S. states rose to 103 bcfd so far in December from 101.5 bcfd in November.
  • The forecast for average gas demand in the Lower 48, including exports, rose to 132.6 bcfd this week from 124.7 bcfd in the prior week.
  • Waha gas prices traded at an average of $0/MMBtu in 2024, the lowest annual average for any gas hub on record, according to the IEA’s Greg Molnar via LinkedIn.
  • Qatar's LNG vessel Al Thakhira is diverting from Belgium to India according to ICIS tracking.
  • QatarEnergy is expected to shift its LNG strategy towards shorter contracts and spot market volumes, Platts said
  • The EU aims to end Russian fossil fuel imports by 2027, with the 14th sanctions package prohibiting transshipment of Russian LNG through EU ports from March, Platts said.
  • Colombia’s December LNG imports are set to hit a record high, according to Platts.
  • Russia’s Gazprom said Dec. 24 that it expects export gas prices in 2025 to be below current levels in Europe and Asia and lower on average than in 2024, Reuters reported.
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Henry Hub has extended gains on the day and is on track to close at a near 2-year high. Support comes from strong flows to LNG terminals, colder weather forecasts, and the resulting increased heating demand.

  • US Natgas JAN 25 up 7.8% at 3.94$/mmbtu
  • US Natgas FEB 25 up 4.1% at 3.48$/mmbtu
  • LSEG estimates 376 heating degree days over the next two weeks, compared with 370 estimated on Monday.
  • The amount of gas flowing to the eight big U.S. LNG export plants rose to 14.13 bcf/d today, compared to 13.97 bcf/d yesterday.
  • LSEG said average gas output in the Lower 48 U.S. states rose to 103 bcfd so far in December from 101.5 bcfd in November.
  • The forecast for average gas demand in the Lower 48, including exports, rose to 132.6 bcfd this week from 124.7 bcfd in the prior week.
  • Waha gas prices traded at an average of $0/MMBtu in 2024, the lowest annual average for any gas hub on record, according to the IEA’s Greg Molnar via LinkedIn.
  • Qatar's LNG vessel Al Thakhira is diverting from Belgium to India according to ICIS tracking.
  • QatarEnergy is expected to shift its LNG strategy towards shorter contracts and spot market volumes, Platts said
  • The EU aims to end Russian fossil fuel imports by 2027, with the 14th sanctions package prohibiting transshipment of Russian LNG through EU ports from March, Platts said.
  • Colombia’s December LNG imports are set to hit a record high, according to Platts.
  • Russia’s Gazprom said Dec. 24 that it expects export gas prices in 2025 to be below current levels in Europe and Asia and lower on average than in 2024, Reuters reported.