MNI BRIEF: Fed Review Must Incorporate Many Scenarios - Kugler

MNI BRIEF: Fed's Kugler Says Makes Sense To Hold For Some Time

MNI BRIEF: Job On Inflation Not Done, Care Needed - BOE Pill

MNI BRIEF: Mexico Inflation Down To 3.59% In January

MNI BRIEF: Tariffs Force CBRT To Hike 2025 Inflation Forecast

MNI China Daily Summary: Friday, February 7

MNI: US DEC CONSUMER CREDIT +$40.8B

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 480; GAS RIGS 100

BAKER HUGHES CANADA RIG COUNT 249; OIL RIGS 177; GAS RIGS 72

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Natural Gas End of Day Summary: Henry Hub Plunges

NATGAS
Energy BulletsBulletPower BulletsCommodities

Henry Hub is trading down today as indications for warmer weather spark a sell off.

  • US Natgas FEB 25 down 8.4% at 3.69$/mmbtu
  • US Natgas MAR 25 down 5.8% at 3.25$/mmbtu
  • Lower 48 natural gas demand is down at 110.8bcf/d today, according to Bloomberg from a peak of 141.5bcf/d on Jan. 21.
  • The NOAA 8–14-day forecast shows above normal temperatures focused on the East Coast and Gulf Coast but with below normal in the West Coast and Rocky Mountain regions.
  • US heating demand for the week ending Feb.1 is forecast to be 34 heating degree days (HDD) below the long-term normal, according to Bloomberg, citing the NOAA.
  • US domestic natural gas production is estimated relatively unchanged on the day at 104.0bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas has rebounded to 14.46bcf/d today, according to Bloomberg.
  • Freeport LNG resumes shipments after the recent power outage while feedgas is back up to around 2bcf/d.
  • Norway’s Hammerfest LNG export facility, operated by Equinor, loads first cargo since Jan 1: ICIS.
  • The LNG price spread between Asia and Europe hit the lowest as Europe sought to replace Russian piped gas.
  • JKM, will likely see a slowdown in trading activities this week amid the Lunar New Year holiday, Platts said.
  • Nigeria's NNPC will start constructing five new mini-LNG plants Jan. 30, part of an effort to boost domestic gas supply, Platts said.
220 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 is trading down today as indications for warmer weather spark a sell off.

  • US Natgas FEB 25 down 8.4% at 3.69$/mmbtu
  • US Natgas MAR 25 down 5.8% at 3.25$/mmbtu
  • Lower 48 natural gas demand is down at 110.8bcf/d today, according to Bloomberg from a peak of 141.5bcf/d on Jan. 21.
  • The NOAA 8–14-day forecast shows above normal temperatures focused on the East Coast and Gulf Coast but with below normal in the West Coast and Rocky Mountain regions.
  • US heating demand for the week ending Feb.1 is forecast to be 34 heating degree days (HDD) below the long-term normal, according to Bloomberg, citing the NOAA.
  • US domestic natural gas production is estimated relatively unchanged on the day at 104.0bcf/d today, according to Bloomberg.
  • US LNG export terminal feedgas has rebounded to 14.46bcf/d today, according to Bloomberg.
  • Freeport LNG resumes shipments after the recent power outage while feedgas is back up to around 2bcf/d.
  • Norway’s Hammerfest LNG export facility, operated by Equinor, loads first cargo since Jan 1: ICIS.
  • The LNG price spread between Asia and Europe hit the lowest as Europe sought to replace Russian piped gas.
  • JKM, will likely see a slowdown in trading activities this week amid the Lunar New Year holiday, Platts said.
  • Nigeria's NNPC will start constructing five new mini-LNG plants Jan. 30, part of an effort to boost domestic gas supply, Platts said.