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NATGAS: Natural Gas End of Day Summary: Henry Hub Extends Rally

NATGAS
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Henry Hub extended its recent rally, supported by record LNG export terminal feedgas flows. Meanwhile, current domestic demand has risen further above normal amid forecasts of above normal temperatures.

  • US Natgas MAR 25 up 2.3% at 3.52$/mmbtu
  • US Natgas APR 25 up 2.1% at 3.53$/mmbtu
  • US Henry Hub spot prices for 2025 have been raised by 20.7% to $3.79/MMBtu, according to the EIA in its February Short Term Energy Outlook.
  • US dry natural gas production across 2025 has been revised up 0.1 bcf/d to 104.6 bcf/d, the EIA said.
  • US LNG export terminal feedgas has risen to a new record high of 15.22bcf/d today, Bloomberg shows.
  • Lower 48 natural gas demand has risen back above the previous five-year seasonal range to 113.0bcf/d, according to Bloomberg.
  • The NOAA 6–14-day forecast shows below normal temperatures are expected in central and eastern areas of the US although it is showing warmer on the west coast.
  • US domestic natural gas production was yesterday at 107.6bcf/d, Bloomberg shows.
  • Export flows to Mexico are today estimated up to 6.48bcf/d, according to Bloomberg.
  • In the US Northeast, regional hubs are largely pricing higher on the day, according to NGI prices. Total demand is seen down, but domestic production and inflows from Canada are also lower.
  • The Waha gas hub in Texas is up by 45 cents/MMBtu today, according to NGI.
  • In California, SoCal City Gate is up around 9.5 cents/MMBtu, while PG&E City Gate is up 5.5 cents/MMBtu, according to NGI.
  • Supply fears stoking the recent rally in European natural gas prices are unjustified, but the sentiment is so strong that it’s unlikely to ease before the cold season ends, BNP said, cited by Bloomberg.
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Henry Hub extended its recent rally, supported by record LNG export terminal feedgas flows. Meanwhile, current domestic demand has risen further above normal amid forecasts of above normal temperatures.

  • US Natgas MAR 25 up 2.3% at 3.52$/mmbtu
  • US Natgas APR 25 up 2.1% at 3.53$/mmbtu
  • US Henry Hub spot prices for 2025 have been raised by 20.7% to $3.79/MMBtu, according to the EIA in its February Short Term Energy Outlook.
  • US dry natural gas production across 2025 has been revised up 0.1 bcf/d to 104.6 bcf/d, the EIA said.
  • US LNG export terminal feedgas has risen to a new record high of 15.22bcf/d today, Bloomberg shows.
  • Lower 48 natural gas demand has risen back above the previous five-year seasonal range to 113.0bcf/d, according to Bloomberg.
  • The NOAA 6–14-day forecast shows below normal temperatures are expected in central and eastern areas of the US although it is showing warmer on the west coast.
  • US domestic natural gas production was yesterday at 107.6bcf/d, Bloomberg shows.
  • Export flows to Mexico are today estimated up to 6.48bcf/d, according to Bloomberg.
  • In the US Northeast, regional hubs are largely pricing higher on the day, according to NGI prices. Total demand is seen down, but domestic production and inflows from Canada are also lower.
  • The Waha gas hub in Texas is up by 45 cents/MMBtu today, according to NGI.
  • In California, SoCal City Gate is up around 9.5 cents/MMBtu, while PG&E City Gate is up 5.5 cents/MMBtu, according to NGI.
  • Supply fears stoking the recent rally in European natural gas prices are unjustified, but the sentiment is so strong that it’s unlikely to ease before the cold season ends, BNP said, cited by Bloomberg.