Loading…
NYMEX January 2023 Henry Hub gas fell below $6/MMBtu to its lowest level since March, settling at $5.58. The decline followed another delay to the restart of Freeport LNG, which has kept about 2 Bcf/d of feedgas demand offline, and milder weather forecasts for early December.
Weaker US gas prices reduce energy and nitrogen fertilizer cost pressure, while the Freeport outage shows how LNG export disruptions can soften domestic gas demand.
spglobal.comJ RobinsonDec 5, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Henry Hub January futures fell to a nine-month low of $5.58 on 5 Dec as the Freeport LNG restart was delayed (keeping ~2 Bcf/d of feedgas demand offline) and milder forecasts cut heating demand, directly explaining the sharp US gas drop in the window.
