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US Henry Hub Follows Decline in Global Gas Markets

NATGAS

Henry Hub pulls back following a decline in global gas prices today with healthy US production levels and above normal storage levels despite cold weather spreading across the US.

    • US Natgas FEB 24 down -3.5% at 2.79$/mmbtu
    • US Natgas JUL 24 down -2.6% at 2.81$/mmbtu
    • US Natgas JAN 25 down -1.5% at 3.91$/mmbtu
  • Domestic natural gas demand is holding above normal at 101.8bcf/d according to Bloomberg but down from recent highs of over 106bcf/d seen late last week. Cold weather is spreading across the US from the West this week with temperatures across the US forecast below normal in the 6-14 day period. The coldest relative to normal are expected in central areas.
  • Feedgas supplies to US LNG export terminals remain strong and relatively unchanged from last week up at 14.9bcf/d today according to Bloomberg.
  • US natural gas production increased over the weekend up to 105.4bcf/d yesterday compared to an average 104.6bcf/d so far in January.
  • Export flows to Mexico are today at 5.65bcf/d according to Bloomberg.

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