EIA: Henry Hub price climbs
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.