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

NATGAS
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Henry Hub is on track for gains as close nears, with falling temperatures in the coming week and an average-level stock draw last week offsetting strong production figures. 

  • US Natgas MAR 25 up 0.9% at 3.39$/mmbtu
  • US Natgas APR 25 up 0.7% at 3.38$/mmbtu
  • The EIA weekly gas inventories for the week ending Jan. 31 showed a withdrawal of 174bcf, on par with the seasonal five-year average.
  • Total stocks are down to 2,397 bcf and 208bcf below levels seen a year ago and 111bcf below the previous five-year average of 2,508bcf.
  • Lower 48 natural gas demand is today near normal at 96.9bcf/d, according to Bloomberg.
  • Average Lower 48 temperatures are forecast to fall below normal into next week, but the latest forecast is showing warmer in the southern regions into the second half of February.
  • US domestic natural gas production rose to a new record high of 107.95bcf/d yesterday, Bloomberg shows.
  • US LNG export terminal feedgas rebounded to 14.96bcf/d today, Bloomberg said.
  • The US-China trade war is impacting the former’s gas exporters who may lose their advantage in the growing LNG market, Reuters said.
  • US Plaquemines LNG plant loaded six cargoes in January, following its first ever cargo in December 2024, as the plant ramps up output, ICIS vessel tracking data shows.
  • Russia’s Gazprom began sending gas to Slovakia via the Turkstream pipeline on February 1, the CEO of SPP said on Thursday.
  • Egypt is seeking more spot LNG cargoes, even after recent multi-month deals with Shell and TotalEnergies, Bloomberg reports.
  • TotalEnergies CEO Patrick Pouyanne told Reuters that the biggest exporter of US LNG plans to boost investments in American LNG supply and will consider expanding the export projects it is already invested in.
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Henry Hub is on track for gains as close nears, with falling temperatures in the coming week and an average-level stock draw last week offsetting strong production figures. 

  • US Natgas MAR 25 up 0.9% at 3.39$/mmbtu
  • US Natgas APR 25 up 0.7% at 3.38$/mmbtu
  • The EIA weekly gas inventories for the week ending Jan. 31 showed a withdrawal of 174bcf, on par with the seasonal five-year average.
  • Total stocks are down to 2,397 bcf and 208bcf below levels seen a year ago and 111bcf below the previous five-year average of 2,508bcf.
  • Lower 48 natural gas demand is today near normal at 96.9bcf/d, according to Bloomberg.
  • Average Lower 48 temperatures are forecast to fall below normal into next week, but the latest forecast is showing warmer in the southern regions into the second half of February.
  • US domestic natural gas production rose to a new record high of 107.95bcf/d yesterday, Bloomberg shows.
  • US LNG export terminal feedgas rebounded to 14.96bcf/d today, Bloomberg said.
  • The US-China trade war is impacting the former’s gas exporters who may lose their advantage in the growing LNG market, Reuters said.
  • US Plaquemines LNG plant loaded six cargoes in January, following its first ever cargo in December 2024, as the plant ramps up output, ICIS vessel tracking data shows.
  • Russia’s Gazprom began sending gas to Slovakia via the Turkstream pipeline on February 1, the CEO of SPP said on Thursday.
  • Egypt is seeking more spot LNG cargoes, even after recent multi-month deals with Shell and TotalEnergies, Bloomberg reports.
  • TotalEnergies CEO Patrick Pouyanne told Reuters that the biggest exporter of US LNG plans to boost investments in American LNG supply and will consider expanding the export projects it is already invested in.