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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.
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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.