FINWIRES · TerminalLIVE
FINWIRES

US Natural Gas Update: Futures Slip as Softer Demand Pressures Market

作者

-- US natural gas futures fell in midday trade on Tuesday, snapping a four-session winning streak as forecasts pointed to weaker domestic demand and milder near-term temperatures.

Both the front-month Henry Hub contract and the continuous contract slipped 2.41% to $2.798 per million British thermal units.

Demand is expected to ease by 4 billion cubic feet per day on Monday to 95.4 Bcf/d on Tuesday, driven by lower residential and commercial consumption as mild weather is forecast across most of the country outside the Northeast and Midwest, NRG said.

Power sector gas demand, however, rose by about 2.3 Bcf/d to 32.4/Bcf/d, reflecting higher electricity use as temperatures rise.

Aegis Hedging said residential gas demand is relatively small and stable in summer, typically running between 8-11 Bcf/d and averaging about 9.5 Bcf/d from May through September last year.

By contrast, power demand is far greater and more volatile, averaging 41.1 Bcf/d last year with sharp weather-driven swings. As a result, electricity demand has become the dominant driver of gas market moves in warmer months.

On the supply side, production has eased as producers scale back output amid low prices, Trading Economics said.

Gelber and Associates said production stands at 110.0 Bcf/d and is expected to increase next week, while Canadian imports remain at 4.4 Bcf/d, well below late-April peaks, leaving supply conditions steadier than demand.

Storage levels remain 7% above the historical average.

LNG feedgas flows have also softened in recent days, with NRG estimates at 17.3 Bcf/d on Tuesday. Gelber and Associates said LNG feedgas is currently flowing at 17.8 Bcf/d, a two-week low and roughly 11% below the late-April high, as spring maintenance continues to limit exports.

Aegis lists Cameron, Calcasieu Pass, and Corpus Christi LNG as current maintenance sites.

相關文章

Treasury

美國國債收盤價

週二 3:00 vs 週一 3:00 2 年 99-20 vs 99-19;3.934% vs 3.962% 5 年 99-04 vs 99-00+;4.069% vs 4.093% 10 年 97-23 vs 97-14+;4.413% vs 4.447% 30 年 96-13+ vs 95-23+;4.980% vs 5.026% 2/10 47.739 bps vs 48.280 bps 5/30 90.966 bps vs 93.109 bps

Commodities

市場動態:日本推動與南非的能源貸款談判,並推廣氨氣混燒

根據彭博社週二引述日本外交官員的話報道,日本正加快與南非就一項以日圓計價的能源貸款進行談判,同時積極推廣氨氣混燒技術。 報道引述官員的話稱,日本將利用這筆擬議貸款支持南非的能源轉型,但並未透露具體金額。 日本的這項舉措是對歐洲國家根據現有能源轉型協議已承諾向南非提供的約100億美元氣候融資的補充。 德國和日本正在加大力度,使其公司在南非佈局,目標是抓住南非這個太陽能資源豐富、綠色氫能生產潛力巨大的市場的機會。 報道還稱,兩國領導人於8月在橫濱舉行的總統西里爾·拉馬福薩與日本前首相石破茂會晤期間首次討論了這筆貸款。 日本正在推廣氨氣混燒技術,該技術以氨氣取代發電廠的部分煤炭使用,以在維持現有基礎設施的同時減少排放。 南非可以利用其太陽能和風能資源生產綠色氫氣,然後將其轉化為氨,以便於儲存和運輸,從而支持更清潔的能源發展路徑。 然而,報告指出,批評人士認為,氨與氫氣混燒可能會延長燃煤電廠的壽命,因為南非目前仍有約四分之三的電力來自煤炭。已聯繫南非電力和能源部,尋求評論。 (市場動態新聞來自與全球市場專業人士的對話。這些資訊據信來自可靠來源,但可能包含傳聞和推測。準確性無法保證。)

Australia

布倫瑞克公司維持季度股利每股0.44美元,將於6月15日支付給5月18日登記在冊的股東。

Price: $78.25, Change: $+3.79, Percent Change: +5.09%

$BC