Free Trial

US Natgas Pulls Back from Yesterday Gains

NATGAS

US Natgas easing lower so far today after rallying yesterday on cooler weather forecasts for the west.

    • US Natgas NOV 22 down -1.3% at 5.54$/mmbtu
  • Lower 48 dry gas demand has edged higher today up to 69.9bcf/d to bring the level in line with seasonal normal. Temperatures are expected to be below normal in the west and above normal in the east.
  • Natural gas flows to Cove Point are still at zero with LNG tanker tracking suggesting the terminal should be expected back from maintenance soon. Freeport is expected to gradually return during November. Total deliveries to LNG export terminals are today estimated similar to yesterday at 11.65bcf/d.
  • US production is holding steady with yesterday at about 100.8bcf/d while exports to Mexico are stable at 6.2bcf/d.

To read the full story

Close

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.