CDN NEWS | 
US NEWS 
By Julian Hast
US natural gas futures ended higher as forecasts shifted to show late-summer heat in the coming weeks, particularly in the South, indicating higher demand for gas-fired power as consumers crank up their air-conditioning. Flows to liquefied natural gas export terminals on the US Gulf Coast also increased, leaving less supply within the domestic market.
Gains were likely limited by rising production, with readings increasing across Texas, the Northeast and the Rocky Mountains, Eli Rubin, senior energy analyst at EBW Analytics Group, wrote in a note to clients Friday.
- Futures for September delivery settled +0.6c, or +0.2%, to $2.733/mmbtu on Nymex
- Prices ended the week up 2.7%, breaking a seven-week streak of losses for front-month futures
Weather:
- Forecasts trended hotter, with above-average temperatures expected across the South through the end of August: Commodity Weather Group
Daily BNEF Gas Data:
- Lower-48 dry gas production on Friday ~114.4 bcf/day, or +4.0% y/y
- Lower-48 total gas demand on Friday ~81.5 bcf/day, or -1.4% y/y
- Dry gas exports to Mexico on Friday ~8.4 bcf/day, or +4.6% w/w
- Estimated gas flows to LNG export terminals on Friday ~18.1 bcf/day, or -1% w/w
Gas Market News:
- European Gas Heads for Weekly Gain as Hormuz Impasse Lingers
- LNG WRAP: Asian Prices Set to Rise as US Raises Pressure on Iran
- US Retired Power Plant Sites Offer New Opportunity: BNEF Chart
- Natural Gas Deliveries to US LNG Export Terminals: BNEF
This story was produced with the assistance of Bloomberg Automation.
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