Pipelines, Storage & Power

Storage concerns to boost Henry Hub prices

Lower gas stocks in the US will support Henry Hub prices during July, and storage concerns will persist even during August Lower gas stocks in the US will support Henry Hub prices during July, and storage concerns will persist even during August.
By Abhishek Kumar 12 July 2017 0 26737

Persistently low gas stocks in the United States will continue to support Henry Hub front-month futures and spot prices during July. Gas demand from the power sector and industry will also help underpin prices.

The US is expected to end July with gas stocks below the levels seen at the same time last year. While this will favour net gas drawdowns for several weeks during the summer in the South Central Region (SCR), home of the Henry Hub pricing point, it also signals the potential for...