Forward and futures markets
Increasing demand for gas from US industry will support Henry Hub futures during the summer.
The Total Degree Days figure in the US is forecast to average 325F during the summer (June-August), lower than last summer’s average of 349F but still higher than the five-year average of 320F. More importantly, gas demand from the industrial sector in states such as Louisiana – home to the Henry Hub pricing point – is rising, meaning the SCR has had to make net storage gas drawdowns even during the summer.
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