FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Natural Gas End of Day Summary: Henry Hub Highest Since Feb. 5

NATGAS
Energy BulletsCommodities

Henry Hub front month is set for its highest close since Feb. 5, as returning flows to Freeport LNG is boosting demand.

  • US Natgas JUN 24 up 5.5% at 2.03$/mmbtu
  • US Natgas NOV 24 up 2.8% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.92bcf/d according to Bloomberg, the highest since April 4.
  • Freeport LNG restarted one liquefaction train over the weekend according to Bloomberg sources as feedgas to the facility rose to the highest since April 9 at 0.83bcf/d today.
  • US domestic natural gas production is today estimated at 97.9bcf/d today according to Bloomberg compared to an average of 98.4bcf/d in the last week and 99.6bcf/d so far in April.
  • Natural gas demand averaged just above the normal for the time of year of about 67bcf/d last week.
  • The CEOs of Italian TSO Snam and utility Edson consider the short-term gas price outlook for Europe “calm”, but warn the market remains fragile, Montel said.
  • Russia is expected to miss its ambitious LNG production target to commission 100m mt by 2030 by as much as 60m mt: Rystad Energy.
  • Belgium is looking for EU countries to ban transhipments of Russian LNG at European ports according to Montel.
  • Greece imported no LNG in April for the first time in 5-years as prices become uneconomical.
  • Turkey is in talks with ExxonMobil for a multibillion-dollar LNG deal to help cut dependence on Russian energy: Reuters citing the FT.
  • BP agreed a an 11-year LNG sale and purchase agreement with Korea Gas for 9.8m mt.
257 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Henry Hub front month is set for its highest close since Feb. 5, as returning flows to Freeport LNG is boosting demand.

  • US Natgas JUN 24 up 5.5% at 2.03$/mmbtu
  • US Natgas NOV 24 up 2.8% at 3.02$/mmbtu
  • Feedgas flow to US LNG export terminals are estimated back up to 12.92bcf/d according to Bloomberg, the highest since April 4.
  • Freeport LNG restarted one liquefaction train over the weekend according to Bloomberg sources as feedgas to the facility rose to the highest since April 9 at 0.83bcf/d today.
  • US domestic natural gas production is today estimated at 97.9bcf/d today according to Bloomberg compared to an average of 98.4bcf/d in the last week and 99.6bcf/d so far in April.
  • Natural gas demand averaged just above the normal for the time of year of about 67bcf/d last week.
  • The CEOs of Italian TSO Snam and utility Edson consider the short-term gas price outlook for Europe “calm”, but warn the market remains fragile, Montel said.
  • Russia is expected to miss its ambitious LNG production target to commission 100m mt by 2030 by as much as 60m mt: Rystad Energy.
  • Belgium is looking for EU countries to ban transhipments of Russian LNG at European ports according to Montel.
  • Greece imported no LNG in April for the first time in 5-years as prices become uneconomical.
  • Turkey is in talks with ExxonMobil for a multibillion-dollar LNG deal to help cut dependence on Russian energy: Reuters citing the FT.
  • BP agreed a an 11-year LNG sale and purchase agreement with Korea Gas for 9.8m mt.