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US Henry Hub Edges Higher Supported by LNG Flows

NATGAS

Front month US Henry Hub continues to edge higher after bouncing from a low of just above 2$/mmbtu at the start of the week supported by strong supplies to US LNG export terminals.

    • US Natgas MAY 23 up 0.5% at 2.2$/mmbtu
  • Total deliveries to US LNG export terminals are today estimated up at a record 14.45bcf/d according to Bloomberg data with yesterday revised down to 14.13bcf/d. Flows to Corpus Christi have been limited since 5 April but are expected about 0.6bcf/d higher today.
  • Natural gas production was yesterday slightly lower at 100bcf/d but still holding well above levels around 96bcf/d seen this time last year.
  • The latest NOAA 6-14 day outlook shows temperatures slightly above normal in central and eastern regions of the US but below normal in the west. Domestic demand was yesterday estimated just below normal at 64.1bcf/d according to Bloomberg.
  • Export flows to Mexico are holding steady at 5.6bcf/d.
Energy BulletsCommoditiesUS
Energy BulletsCommoditiesUS

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