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US natural gas futures relaxed about 1% on Thursday on output and a slower growth
Some forecasts call for mild weather in the next two weeks.
This small future has come down even after spot power and gas prices have risen in many parts of the country
Consumers in California, Texas, Louisiana, Pennsylvania and elsewhere crank air conditioners to escape
Early spring heatwave.
Traders also said the market ignored a federal report showing a weekly storage build that was close.
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Normal levels for this time of year, as expected.
The U.S. Energy Information Administration (EIA) says utilities have added 89 billion cubic feet (bcf) of gas.
In storage for the week ending May 13th.
This was close to analysts’ predictions of a 87-bcf build in a Reuters poll, comparing it to an increase of 71.
In the same week last year, the BCF and the five-year (2017-2021) average increased by 87 BCF.
US front-month gas futures for June delivery are down 6.0 cents, or 0.7%, at $ 8.308.
Million British thermal units (mmBtu).
Despite the decline, U.S. gas futures were still up nearly 120% since the beginning of the year
Russia maintains demand for US liquefied natural gas (LNG) exports worldwide since February 24
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Invasion of Ukraine.
Gas traded at ৮ 28 per MMBTU in Europe and ২ 22 in Asia. US agreement
May 6 is the 13-year high near 9 9.
US futures lag far behind global prices because the United States is the world’s top producer, with everything
Capacity constraints further hinder the export of LNG gas required for domestic use.
Data provider Refinitive says average gas production in the U.S.’s lowest 48 states has risen to 94.9 billion cubic meters.
Feet per day (bcfd) so far from 94.5 bcfd in May to April. This compares with the monthly record of 96.1 bcfd
November 2021.
Refinitive estimates that average U.S. gas demand, including exports, will be close to 90.0 BCFD this week and
Next, Wednesday is more than his vision.
The amount of gas flowing to the US LNG export plant has so far been held at 12.2 bcfd in May, equivalent to April.
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This compares with a monthly record of 12.9 bcfd in March. The United States could launch about 13.2 bcfd of gas
In LNG.
On a daily basis, however, LNG feedgass was on track to reach a six-week high of 13.1 BCFD on Thursday.
Some Gulf Coast plant maintenance disruption exits.
Since the United States will not be able to produce more LNG any time soon, it has worked with allies.
Removal of exports to Europe from elsewhere to help European Union (EU) countries and others break them
Dependence on Russian gas.
Russia’s gas exports to Europe rose to about 7.8 bcfd on Wednesday from about 7.6 bcfd on Tuesday.
Three main lines in Germany: North Stream 1 (Russia-Germany), Yamal (Russia-Belarus-Poland-Germany) and
Russia-Ukraine-Slovakia-Czech Republic-Germany route. This compares with an average of 11.9 bcfd in May 2021.
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Northwestern Europe – Belgium, France, Germany and the Netherlands had gas reserves.
The five-year (2017-2021) average for this time of year is about 13% lower, down from 39% five years ago
Ideal in mid-March, according to Refinitive. Storage was currently about 37% of full capacity.
That’s healthier than US inventories, which were about 15% below their five-year norm because of the highs.
European gas prices have kept LNG imports strong while Russia continues to supply fuel through the pipeline.
The last week of the week ended five years ago
13 May 6 May 13 average
(Actual) (Actual) 13 May
US Weekly Natgas Storage Change (bcf): +89 +76 +71 +87
US total net gas in storage (bcf): 1,732 1,643 2,090 2,042
US Total Storage vs. 5 Year Average -15.2% -16.0%
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Global Gas Benchmark Futures ($ per mmBtu) The day before the current day The year before this month Five years
Last year’s average
2021 (2017-2021)
Henry Hub 8.13 8.37 2.96 3.73 2.89
Title Transfer Facility (TTF) 28.25 28.40 8.88 16.04 7.49
Japan Korea Marker (JKM) 21.17 20.08 9.65 18.00 8.95
Degree of Refinitive Heating (HDD), Cooling (CDD) and Total (TDD)
The two-week total forecast is 10-year 30-year, the year before the current day
Ideal norm
US GFS HDDs 31 33 43 49 46
US GFS CDDs 132 127 86 96 100
US GFS TDDs 163 160 129 145 146
Refinitiv US Weekly GFS supply and demand forecast
The current week of the previous week next week is five years old this week
For last year’s average
Months
US supply (bcfd)
US Lower 48 Dry Production 95.2 94.9 95.2 92.0 83.9
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US imports from Canada 7.9 7.6 8.0 7.2 7.6
US LNG imports 0.0 0.0 0.0 0.0 0.1
Total US supply 103.2 102.5 103.2 99.2 92.6
US demand (bcfd)
U.S. exports to Canada 2.9 2.8 2.8 2.1 2.1
U.S. exports to Mexico 6.2 6.2 6.2 6.1 4.8
US LNG Exports 12.2 12.2 12.9 10.5 5.1
US Commercial 6.0 5.0 5.0 4.9 5.6
US Resident 7.0 4.7 4.6 4.7 6.7
US Power Plant 28.2 31.6 31.0 25.4 26.0
US Industrial 21.0 20.7 20.9 21.4 20.9
US Plant Fuels 4.7 4.7 4.7 4.7 4.6
US Pipe Distribution 1.8 1.8 1.8 1.8 1.8
US vehicle fuel 0.1 0.1 0.1 0.1 0.1
Total US Cost 69.0 68.7 68.1 63.0 65.7
Total US demand 90.3 89.9 90.0 81.7 77.7
Percentage of US weekly energy production by energy – EIA
Last week last week last week last week last week last week
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May 20 May 13 May 6 April 29 April 22
Wind 11 15 13 16 16
Solar 4 4 4 4 4
Hydro 7 7 7 7 7
Others 2 2 2 2 2
Petroleum 0 0 0 0 0
Natural gas 36 34 36 33 33
Coal 20 18 19 19 19
Nuclear 19 19 20 19 19
SNL US natural gas next day price ($ per mmBtu)
The hub is the day before the present day
Henry Hubb
Transco Z6 New York
PG&E Citygate
Dominion South
Chicago Citygate
Algonquin Citygate
Sokal Citygate
Wow hub
AECO
SNL US Power Next-Day Price ($ MW per hour)
Hub current day
New England
PJM West
Ercot answers
Middle C.
Green stick
SP-15
(Reporting by Scott Disavino; Editing by Kirsten Donovan, Nick Jiminski and Jonathan Otis)
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