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Natural Gas End of Day Summary: Henry Hub Slips Back

NATGAS
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Henry Hub has reversed Friday’s rally but remains within the three-day trading range. Warmer weather, weaker demand, and lower flows to Mexico are offsetting a drop in production.

  • US Natgas JAN 25 down 2.1% at 3.67$/mmbtu
  • US Natgas FEB 25 down 2.1% at 3.34$/mmbtu
  • US LNG export terminal feedgas supply is estimated at 14.14bcf/d today, BNEF shows.
  • Lower 48 natural gas demand is lower today at 103.5bcf/d today, according to Bloomberg.
  • The NOAA 6-14-day forecast continues to show above normal weather across the continental US.
  • US heating demand for the week ending Dec. 28 is forecast to be 51 HDD below the long-term normal, according to Bloomberg.
  • US domestic natural gas production is estimated at 104.26bcf/d yesterday, the lowest since Nov. 24.
  • Export flows to Mexico have fallen to 5,68bcf/d today, the lowest since late November, according to Bloomberg.
  • Venture Global LNG wants to extend the force majeure at its Calcasieu Pass plant in Louisiana to June 2025, according to its IPO document, cited by Reuters.
  • JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.
  • The Ukraine gas transit situation is “very complicated and requires increased attention” the Kremlin said on Monday.
  • Qatar's energy minister, Saad al-Kaabi, warned that Qatari LNG deliveries to the EU could be affected by the EU's Corporate Sustainability Due Diligence Directive, Platts reported
  • Bangladesh has awarded two spot LNG cargo tenders to Total for delivery on January 5-6 and January 9-10 at $13.87/MMBtu and $14.25/MMBtu, respectively, Platts said.
  • Egypt’s imports of Israeli gas hit an 8-month high of 1.02 bcf/d in November, according to MEES.
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Henry Hub has reversed Friday’s rally but remains within the three-day trading range. Warmer weather, weaker demand, and lower flows to Mexico are offsetting a drop in production.

  • US Natgas JAN 25 down 2.1% at 3.67$/mmbtu
  • US Natgas FEB 25 down 2.1% at 3.34$/mmbtu
  • US LNG export terminal feedgas supply is estimated at 14.14bcf/d today, BNEF shows.
  • Lower 48 natural gas demand is lower today at 103.5bcf/d today, according to Bloomberg.
  • The NOAA 6-14-day forecast continues to show above normal weather across the continental US.
  • US heating demand for the week ending Dec. 28 is forecast to be 51 HDD below the long-term normal, according to Bloomberg.
  • US domestic natural gas production is estimated at 104.26bcf/d yesterday, the lowest since Nov. 24.
  • Export flows to Mexico have fallen to 5,68bcf/d today, the lowest since late November, according to Bloomberg.
  • Venture Global LNG wants to extend the force majeure at its Calcasieu Pass plant in Louisiana to June 2025, according to its IPO document, cited by Reuters.
  • JKM is expected to be rangebound in the week to Dec. 27, as market participants continue to closely monitor supply availability in Europe as well as cold weather conditions globally, Platts said.
  • The Ukraine gas transit situation is “very complicated and requires increased attention” the Kremlin said on Monday.
  • Qatar's energy minister, Saad al-Kaabi, warned that Qatari LNG deliveries to the EU could be affected by the EU's Corporate Sustainability Due Diligence Directive, Platts reported
  • Bangladesh has awarded two spot LNG cargo tenders to Total for delivery on January 5-6 and January 9-10 at $13.87/MMBtu and $14.25/MMBtu, respectively, Platts said.
  • Egypt’s imports of Israeli gas hit an 8-month high of 1.02 bcf/d in November, according to MEES.