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U.S. Henry Hub Spot Price Rises in Week Ended June 10, EIA Reports

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The U.S. benchmark Henry Hub spot price rose US$0.31/million British thermal units to $3.26/MMBtu in the week ended June 10, the U.S. Energy Information Administration said in its Weekly Natural Gas Storage Report Supplement released Thursday.

Total U.S. natural gas consumption increased by 2.7 billion cubic feet per day week over week, led by a 10% rise in the electric power sector due to above-normal temperatures across the Northern and Central U.S., the EIA said.

U.S. natural gas supply declined 0.5 Bcf/d, driven by lower dry natural gas production, the EIA reported, citing LSEG Data.

The LNG-carrying capacity of vessels departing the U.S. was 129 Bcf, up 18 Bcf week over week. Thirty-four LNG vessels left the U.S., five vessels more than in the previous week.

Net injections into storage amounted to 108 Bcf for the week ended June 5, resulting in total working gas stocks of 2,686 Bcf, according to EIA estimates. This was 151 Bcf more than the five-year average and 5 Bcf lower than the year-ago period.

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