• Natural Gas News

    Henry Hub holding steady

Summary

The US benchmark is hovering near what is expected for the average for the rest of the year.

by: Daniel Graeber

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Market News, News By Country, United States

Henry Hub holding steady

The December 2021 supply contract at the US Henry Hub was trading more or less even early in the session on October 27 after the expiration of the November contract.

The contract was down about 0.08% as of 11:10 GMT to trade at $5.99/mn Btu.

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S&P 2023

The benchmark has experienced some volatility in recent days on mixed winter weather reports. A warmer-than-expected winter may be in store for much of the US, crimping demand for heating fuels such as natural gas. But a La Nina pattern could bring cold temperatures to the US south, threatening a repeat of a February storm that idled large parts of the energy sector.

Both the Federal Energy Regulatory Commission (FERC) and the Energy Information Administration expect Henry Hub to hold around current levels through the rest of the year before moderating early in 2022.