Natural Gas End of Day Summary: Henry Hub Lowest Since Aug. 9

Henry Hub has pulled back to its lowest level since Aug. 9. Indications of cooling weather, robust production levels, and a continued - albeit shrinking - storage surplus have added pressure.

• US Natgas SEP 24 down 3% at 2.13$/mmbtu
• US Natgas FEB 25 down 2.7% at 3.31$/mmbtu
• US gas rig count: Gas: 98 (+1) – Baker Hughes
• US domestic natural gas production rebounded back to 102.15bcf/d yesterday according to Bloomberg.
• US LNG export terminal feedgas flows are today estimated at 12.63bcf/d, according to Bloomberg.
• Domestic natural gas demand is up again today to 78.6bcf/d, Bloomberg said.
• El Paso Natural Gas (EPNG) has resolved the force majeure event declared May 22 associated with the Amarillo Compressor Station, Texas.
• Asia’s spot LNG prices rose to their highest level in eight months, boosted by cooling demand across the region raising gas-fire power generation, Reuters said.
• The number of US LNG export cargoes fell to 20 last week from 25 the previous week, according to the EIA as feedgas flows to US LNG export terminals steady after a drop the previous week.
• Losing Russian natural gas flows via Ukraine should not cause Europe’s gas market to relapse into crisis, Platts said.
• An LNG tanker is set to arrive at France’s Montoir import terminal Sep. 11, according to Bloomberg.
• The NWE LNG Summer 2025 forward price rose to its highest level since Jan at $12.906/MMBtu, according to Platts.
• Bangladesh's Summit LNG expects to complete repositioning and reconnecting work on its FSRU by end-August.
• QatarEnergy has dropped the October term price for al-Shaheen crude to 87 cents a barrel above Dubai quotes, according to Reuters sources on Friday.
• Brazil’s natural gas production is expected to peak at 316 mcm/d in 2031, before falling to 315 mcm/d in 2034, Ministry of Mines and Energy said