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Natural Gas End of Day Summary: Henry Hub Climbs

NATGAS
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Henry Hub is now extending gains from yesterday to the highest since Oct. 15, with colder weather expected in western areas and a dip in production set against curtailed LNG export flows and a near-average EIA storage build.

  • US Natgas NOV 24 up 8.4% at 2.54$/mmbtu
  • US Natgas APR 25 up 3% at 2.84$/mmbtu
  • The EIA weekly gas inventories for the week ending Oct. 18 showed an injection of 80bcf compared to the seasonal normal injection of about 78bcf.
  • The first above normal storage injection since early July has increased the surplus above the five-year average to 167bcf.
  • Lower 48 natural gas demand is up to 74.1bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas supply is curtailed at 12.0bcf/d today, BNEF shows.
  • Russian gas supply to Asia has continued to grow, with expectations that it would increase further as Europe diversifies its energy mix, Platts said.
  • Sanctioned LNG tankers Nova Energy, Pioneer and Asya Energy carrying Russian LNG remain in the Sea of Japan awaiting buyers.
  • China’s demand for gas in heating, commercial business, and transport sectors will rise at a slower pace this winter, ENN said.
  • China's rapidly rising gas demand is supported by the LNG truck fleet expected to reach 1m in 2025: IEA analyst Greg Molnar.
  • Baker Hughes expects the pace of LNG FIDs to pick up in 2025.
  • Several major pipeline operators are expanding capacity to meet rising natural gas demand in the U.S. Southeast: Gelber & Associates.
  • LNG prices in Brazil continue to rise as import volumes for October approach September levels, Platts said.
  • India’s largest LNG importer Petronet is in advanced talks to secure land for the Gopalpur LNG import terminal, Bloomberg said.
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Henry Hub is now extending gains from yesterday to the highest since Oct. 15, with colder weather expected in western areas and a dip in production set against curtailed LNG export flows and a near-average EIA storage build.

  • US Natgas NOV 24 up 8.4% at 2.54$/mmbtu
  • US Natgas APR 25 up 3% at 2.84$/mmbtu
  • The EIA weekly gas inventories for the week ending Oct. 18 showed an injection of 80bcf compared to the seasonal normal injection of about 78bcf.
  • The first above normal storage injection since early July has increased the surplus above the five-year average to 167bcf.
  • Lower 48 natural gas demand is up to 74.1bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas supply is curtailed at 12.0bcf/d today, BNEF shows.
  • Russian gas supply to Asia has continued to grow, with expectations that it would increase further as Europe diversifies its energy mix, Platts said.
  • Sanctioned LNG tankers Nova Energy, Pioneer and Asya Energy carrying Russian LNG remain in the Sea of Japan awaiting buyers.
  • China’s demand for gas in heating, commercial business, and transport sectors will rise at a slower pace this winter, ENN said.
  • China's rapidly rising gas demand is supported by the LNG truck fleet expected to reach 1m in 2025: IEA analyst Greg Molnar.
  • Baker Hughes expects the pace of LNG FIDs to pick up in 2025.
  • Several major pipeline operators are expanding capacity to meet rising natural gas demand in the U.S. Southeast: Gelber & Associates.
  • LNG prices in Brazil continue to rise as import volumes for October approach September levels, Platts said.
  • India’s largest LNG importer Petronet is in advanced talks to secure land for the Gopalpur LNG import terminal, Bloomberg said.