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US Natgas Rallies with Increasing Feedgas to Freeport LNG

NATGAS

US Natgas is rallying supported by higher feedstock supplies to the Freeport LNG export terminal and ahead of the updated EIA stocks data.

  • US Natgas MAR 23 up 4.9% at 2.28$/mmbtu
  • Pipeline feedstock deliveries to Freeport LNG are today estimated up to 0.81bcf/d from around 0.45bcf/d at the start of the week according to Bloomberg data.
  • The latest EIA weekly gas inventories for the week ending 17 Feb will be released this afternoon with the expectation for a smaller than normal draw of -64bcf compared to the 5-year average of -164bcf.

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