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US Henry Hub Loses Gains From Yesterday

NATGAS

US front month Henry Hub falls back to lose gains seen late yesterday with support from a slightly cooler weather forecast offset by healthy storage levels and ongoing restrictions to LNG export flows.

    • US Natgas APR 23 down -4.3% at 2.25$/mmbtu
  • The latest NOAA forecast shows below normal temperatures in western areas spreading slightly further eastwards in the 6-14 day period although above normal temperatures remain in the Gulf Coast region. Domestic natural gas consumption is today estimated near normal at 76.9bcf/d today.
  • Total pipeline deliveries to US LNG export terminals are today estimated at 12.8bcf/d with a slight recovery in supply to Sabine Pass LNG. Feedstock gas deliveries to Freeport are today showing at 1.12bcf/d compared to the average so far in March of 0.98bcf/d according to Bloomberg.
  • US production is today relatively unchanged at about 100.3bcf/d and exports to Mexico are at 5.6bcf/d.

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