Henry Hub Horizons
Policy is supposed to bound the Henry Hub band. With both levers idle, the transmission mechanism is muted and the band runs wider than the floor implies.
Henry Hub Horizons
Storage enters summer 144 Bcf above the five-year average. EIA says it ends the season above; NGSA says below. The injection season is the referee.
Henry Hub Horizons
Hyperscaler behind-the-meter gas demand is now on the order of 100 GW announced. It pulls gas from the market but not through the dispatch system traders forecast on.
ShortTherm Insight
The May STEO put end-October storage near 4,015 Bcf, 6–7% above 5-year. A heat-dome cluster through July or a Golden Pass / Corpus ramp could un-anchor the path.
Henry Hub Horizons
NOAA's 2026 Atlantic outlook is below-normal. The Gulf Coast LNG footprint is structurally larger than at Hurricane Laura. The asymmetry, explained.
PipeProwler Notable Event
Up to ~495 MDth/d of southbound Appalachian takeaway off for 8 days; EGS basis softens, HH effect marginal.
Henry Hub Horizons
EIA cut HH 2027 to $3.18 in May. EIA also says Haynesville must grow +1.6 Bcf/d that year. The Haynesville cost stack will tell whether the revision overshot.
ShortTherm Insight
Consensus bullish-mixed is in the strip. The asymmetry is in heat-stack-week realized burn exceeding the 40.3 Bcf/d baseline.
PipeProwler Notable Event
Updated FM on ANR's reversed Southeast Mainline. Gulf LNG feedgas reads bullish on supply tightening; Appalachian basis reads bearish as gas strands.
Henry Hub Horizons
U.S. gas exports run through three LNG corridors now, not one. The third, through Mexico, doesn't show up in U.S. LNG export accounting. The molecules go anyway.
