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Natural Gas End of Day Summary: Henry Hub Climbs

NATGAS

Henry Hub is has found support to approach the intraday high’s of yesterday. A pickup in LNG feedgas flows, coupled with a fall in US gas rigs, have been supportive today.

  • US Natgas NOV 24 up 0.8% at 2.54$/mmbtu
  • US Natgas APR 25 up 1.1% at 2.87$/mmbtu
  • Baker Hughes gas rig count: 101 (2) – down 16 rigs, or 13.7% on the year.
  • Lower 48 natural gas demand is down to 73.5 bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas supply is estimated up to 12.7bcf/d today, BNEF shows, but well below a peak of nearly 14bcf/d on Oct. 17.
  • US domestic natural gas production rose to 102.7bcf/d yesterday, according to Bloomberg, compared to an average of 102.6bcf/d over the previous week.
  • Regulators gave Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant.
  • The current U.S. Administration has not provided consistent policy for the energy industry, highlighted by the LNG permitting pause, Chevron CEO Mike Wirth said.
  • A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi said on Wednesday.
  • Russia’s Arctic LNG 2 plant has halted commercia gas-liquefaction amid western sanctions, according to two people familiar with the matter, Bloomberg reported.
  • LNG Alliance signed a preliminary head of agreement to supply LNG to Sahara Group from its proposed LNG project in Mexico.
  • The final two FSRUs set to be deployed in Germany are expected to begin operations before the start of the winter, according to Platts citing Deutsche Energy Terminal (DET).
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Henry Hub is has found support to approach the intraday high’s of yesterday. A pickup in LNG feedgas flows, coupled with a fall in US gas rigs, have been supportive today.

  • US Natgas NOV 24 up 0.8% at 2.54$/mmbtu
  • US Natgas APR 25 up 1.1% at 2.87$/mmbtu
  • Baker Hughes gas rig count: 101 (2) – down 16 rigs, or 13.7% on the year.
  • Lower 48 natural gas demand is down to 73.5 bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas supply is estimated up to 12.7bcf/d today, BNEF shows, but well below a peak of nearly 14bcf/d on Oct. 17.
  • US domestic natural gas production rose to 102.7bcf/d yesterday, according to Bloomberg, compared to an average of 102.6bcf/d over the previous week.
  • Regulators gave Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant.
  • The current U.S. Administration has not provided consistent policy for the energy industry, highlighted by the LNG permitting pause, Chevron CEO Mike Wirth said.
  • A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi said on Wednesday.
  • Russia’s Arctic LNG 2 plant has halted commercia gas-liquefaction amid western sanctions, according to two people familiar with the matter, Bloomberg reported.
  • LNG Alliance signed a preliminary head of agreement to supply LNG to Sahara Group from its proposed LNG project in Mexico.
  • The final two FSRUs set to be deployed in Germany are expected to begin operations before the start of the winter, according to Platts citing Deutsche Energy Terminal (DET).