EIA: Henry Hub price climbs

Asia Vision at the Sabine Pass terminal (Image: Cheniere)
Asia Vision at the Sabine Pass terminal (Image: Cheniere)

Natural gas spot prices in the United States were mixed in the week ending September 14 with the Henry Hub price rising 22¢ from last Wednesday, the Energy Information Administration said in its weekly report.

The Henry Hub spot price rose from $2.82/million British thermal units (MMBtu) last Wednesday to $3.04/MMBtu two days ago, the EIA said in its report posted on Thursday.

“At the Chicago Citygate, prices increased 11¢ from $2.81/MMBtu last Wednesday to $2.92/MMBtu yesterday. Prices at PG&E Citygate in Northern California gained 18¢, going from $3.24/MMBtu last Wednesday to $3.42/MMBtu yesterday.”

According to data from PointLogic, total supply of natural gas remained the same as last week, averaging 78.6 Bcf/d. Although the average supply remained constant, daily supply varied by more than 2 Bcf/d during the week, from a high of 79.6 Bcf last Thursday to 77.4 Bcf two days ago.

Sabine Pass flows flat

The natural gas pipeline flows to Cheniere’ Sabine Pass liquefaction terminal averaged 1.2 Bcf/d for the week ending September 14, unchanged from last week, according to the EIA.

“Two vessels (combined LNG-carrying capacity 6.2 Bcf) departed the terminal—one on September 9 and one on September 11,” the EIA said.

 

 

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