-- The U.S. benchmark Henry Hub natural gas price dropped US$0.19 to $2.80/million British thermal units in the week ended April 8, the U.S. Energy Information Administration said in its Weekly Natural Gas Storage Report Supplement released Thursday.
Above-average temperatures across most of the country kept daily natural gas demand relatively low for this time of year by limiting heating and cooling needs, the EIA noted.
Still, natural gas demand across sectors rose 1.3 billion cubic feet per day week over week, the EIA reported, citing LSEG Data.
Net injections into storage amounted to 50 Bcf in the week ended April 3, resulting in total working gas stocks of 1,911 Bcf, according to the agency. This was 87 Bcf more than the five-year average and 89 Bcf more than the year-ago period.
The liquefied natural gas-carrying capacity of vessels departing U.S. ports was 141 Bcf, down 8 Bcf from the previous week. Thirty-seven LNG vessels left the U.S., down two vessels week over week, the EIA said.