MNI BRIEF: Restrictive Fed To Weigh On Demand - Jefferson

MNI BRIEF: Broadbent Says BOE Could Cut "Over the Summer"

MNI China Daily Summary: Monday, May 20

MNI NBH WATCH: Slower Cut Pace, With H1 Goal In Sight

MNI BRIEF: China Welcomes Global Car Makers - NDRC

MNI: PBOC Net Drains CNY2 Bln Via OMO Mon; Rates Unchanged

US Treasury Auction Calendar

UKRAINE: Kharkiv Dep Gov-Ukraine Troops Control 60% Of Vovchansk

OIL: March 2024 JODI Oil Data Highlights

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Natural Gas End of Day Summary: Henry Hub Slides

NATGAS
Energy BulletsCommodities

Henry Hub is trading lower on the day, driven by a slightly higher than expected build in US gas storage inventories.

  • US Natgas MAY 24 down 0.9% at 1.64$/mmbtu
  • US Natgas OCT 24 up 1% at 2.57$/mmbtu
  • The EIA weekly gas inventories for the week ending Apr. 19 showed an injection of 92bcf compared to the expectation for an injection of 89bcf according to a Bloomberg survey and the seasonal normal injection of 58bcf.
  • Feedgas flow to US LNG export terminals are estimated back down to 11.3bcf/d according to Bloomberg as the Freeport terminal struggles to restart.
  • The US Freeport LNG export terminal reported a trip on the third liquefaction train according to a TCEQ filing yesterday.
  • US domestic natural gas production edged back up to 98.7bcf/d yesterday according to Bloomberg and back closer to the average of 99.1bcf/d from the previous week.
  • Natural gas demand is again slightly higher at 70.8bcf/d today according to Bloomberg.
  • The LNG vessel the Arctic Voyager has pulled into a jetty at Norway’s 4.3mtpa Hammerfest LNG plant Apr. 25 according to ICIS.
  • Europe will need to attract more ‘flexible’ LNG this summer as supply agreements expire, according to BNEF.
  • The European Commission’s next sanctions package is expected to propose restrictions on Russian LNG for the first time: Reuters.
  • Russia’s Arctic LNG 2 project has continued running despite US sanctions, albeit well below capacity, Bloomberg said.
  • The long-term demand outlook for both natural gas and LNG remains very encouraging: Baker Hughes
  • Argentina’s state-run Enarsa awarded its second LNG tender of 2024 to two companies: Platts.
  • Aggressive European bids have been met with scarce selling interest as sellers in the global LNG market wait for stronger demand, sources told Platts.
284 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 lower on the day, driven by a slightly higher than expected build in US gas storage inventories.

  • US Natgas MAY 24 down 0.9% at 1.64$/mmbtu
  • US Natgas OCT 24 up 1% at 2.57$/mmbtu
  • The EIA weekly gas inventories for the week ending Apr. 19 showed an injection of 92bcf compared to the expectation for an injection of 89bcf according to a Bloomberg survey and the seasonal normal injection of 58bcf.
  • Feedgas flow to US LNG export terminals are estimated back down to 11.3bcf/d according to Bloomberg as the Freeport terminal struggles to restart.
  • The US Freeport LNG export terminal reported a trip on the third liquefaction train according to a TCEQ filing yesterday.
  • US domestic natural gas production edged back up to 98.7bcf/d yesterday according to Bloomberg and back closer to the average of 99.1bcf/d from the previous week.
  • Natural gas demand is again slightly higher at 70.8bcf/d today according to Bloomberg.
  • The LNG vessel the Arctic Voyager has pulled into a jetty at Norway’s 4.3mtpa Hammerfest LNG plant Apr. 25 according to ICIS.
  • Europe will need to attract more ‘flexible’ LNG this summer as supply agreements expire, according to BNEF.
  • The European Commission’s next sanctions package is expected to propose restrictions on Russian LNG for the first time: Reuters.
  • Russia’s Arctic LNG 2 project has continued running despite US sanctions, albeit well below capacity, Bloomberg said.
  • The long-term demand outlook for both natural gas and LNG remains very encouraging: Baker Hughes
  • Argentina’s state-run Enarsa awarded its second LNG tender of 2024 to two companies: Platts.
  • Aggressive European bids have been met with scarce selling interest as sellers in the global LNG market wait for stronger demand, sources told Platts.