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US Prices Pull Back with Warmer Temperatures Expected on the East Coast


US Natgas falls back from gains last week as weather forecasts show temperatures warming in eastern areas during the last week of the month.

    • US Natgas JAN 23 down -6.7% at 6.16$/mmbtu
  • Above normal temperatures in the west are expected to continue but the current cold in the east is expected to move back towards or even above normal at the end of the month. Current lower 48 dry gas demand is up at 104.3bcf/d compared to the five year average of around 94bcf/d at this time of year.
  • Domestic natural gas production has dipped slightly in recent days to around 99bcf/d from an average of 100.8bcf/d last week.
  • Deliveries to LNG exports terminals are largely unchanged today and estimated at 13.07bcf/d, boosted by strong supplies to Sabine Pass and Calcasieu Pass.
  • Natural gas exports to Mexico were slightly down over the weekend at around 5.8bcf/d compared to 6.3bcf/d late last week.

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