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US Gas Rebounding after Big Fall Yesterday

NATGAS
USBulletEnergy BulletsCommodities

US Natgas rebounding after a 1$/mmbtu (16.5%) drop yesterday. Aug22 up 0.42$/mmbtu to 5.85$/mmbtu.

  • Freeport LNG have delayed the return of the export terminal by a month from September to October. Full operation is still not expected back until the end of the year.
  • LNG exports are approximately 2bcf lower because of the outage. Deliveries to terminals are strong today at 11.5bcf with an increase to Sabine Pass but flows are well below the 12.8bcf seen before the explosion.
  • US production is estimated slightly down today at 94.7bcf and with above normal temperatures driving high demand at 68.3bcf.
  • EIA data yesterday showed higher than expect injections into storage with stocks building 82bcf compared to an expectation of 75bcf.
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US Natgas rebounding after a 1$/mmbtu (16.5%) drop yesterday. Aug22 up 0.42$/mmbtu to 5.85$/mmbtu.

  • Freeport LNG have delayed the return of the export terminal by a month from September to October. Full operation is still not expected back until the end of the year.
  • LNG exports are approximately 2bcf lower because of the outage. Deliveries to terminals are strong today at 11.5bcf with an increase to Sabine Pass but flows are well below the 12.8bcf seen before the explosion.
  • US production is estimated slightly down today at 94.7bcf and with above normal temperatures driving high demand at 68.3bcf.
  • EIA data yesterday showed higher than expect injections into storage with stocks building 82bcf compared to an expectation of 75bcf.