Free Trial

US Henry Hub Steady With Cooler Weather and Freeport Progress


US Natgas is slightly down on the day but holding onto recent gains supported by the forecast of cooler weather and further progress towards a full restart of Freeport LNG.

    • US Natgas APR 23 down -0.8% at 2.71$/mmbtu
  • Below normal temperatures in the west are forecast to spreads across most of the country in the 8-14 day period with only the Gulf Coast region holding onto above normal. Current domestic lower 48 natural gas consumption is estimated near normal at 87.5bcf/d today.
  • Freeport have asked permission from FERC to progress to the full, commercial operations of the final liquefaction train. One liquefaction train has reached full commercial operations and the second is continuing through its restart activities.
  • Pipeline feedstock deliveries to the terminal are up to around 0.80bcf/d today according to Bloomberg data. Supplies averaged approximately 2.1bcf/d before the fire in June. Total deliveries to US export terminals are today up to 13.1bcf/d mainly due to a 0.7bcf/d recovery in supply to Sabine Pass LNG.
  • Natural gas production was steady at 100.8bcf/d yesterday while exports to Mexico are around 5.2bcf/d today.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.