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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.
NATGAS
US Natgas holding just above the lows from Friday last week as a cooler weather forecast and above normal demand offsets the steady production levels and healthy storage levels. Pipeline natural gas supplies to LNG export terminals have only seen a small increase on levels seen last week.
- US Natgas APR 23 up 0% at 2.43$/mmbtu
- The latest NOAA two week outlook shows below normal temperatures across the country in the 6 to 14 day period. Domestic demand is today up to 89.05bcf/d compared to the five year average of around 80bcf/d.
- Natural gas deliveries to the seven US LNG export terminals is estimated up to 13.5bcf/d today due to increased supply to Sabine Pass and Freeport after dipping back below 13bcf/d over the weekend. Supply to Freeport are today at 1.0bcf/d according to Bloomberg compared to approximately 2.1bcf/d when back up to full capacity.
- Natural gas production is steady at around 100.3bcf/d today compared the top of the previous five year range at 95bcf/d. Exports to Mexico have dipped down to 5.0bcf/d according to Bloomberg data.
Source: Bloomberg
Why MNI
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.
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