Daily Market Report – Apr 14, 2022

Note: There will be no report tomorrow morning

For today’s storage report our final projection is +23 Bcf (S/D +23, Flow +27).

The current Bloomberg survey is +16 and Bloomberg whisper is currently at +20 (the whisper is the average of the 17 top analysts).

Here are the current ICE storage future settles as of yesterday.

Week 1 is +28 [today’s report]

Week 2 is +53

Week 3 is +78

There current end of Winter 2021/22 (Apr 14^th) is 1410. [Last week was 1420]

There current end of Summer 2022 (Nov 10^th) is 3500. [Last week was 3500]

Today’s weather run was somewhat slight bullish with the GFS Ensemble adding GWHDDs in the 11-15 day period. Below is the 24Hr change, and the current forecast vs 10Yr normal.

Today’s Fundamentals

Daily US natural gas production is estimated to be  96.3 Bcf/d this morning. Today’s estimated production is +0.16 Bcf/d to yesterday, and +0.06 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 76.7 Bcf today,  +3.53 Bcf/d to yesterday, and -0.24 Bcf/d to the 7D average. US power burns are expected to be 28.5 Bcf today, and US ResComm usage is expected to be 19.7 Bcf.

Net LNG deliveries are expected to be 12.8 Bcf today.

Mexican exports are expected to be 6.5 Bcf today, and net Canadian imports are expected to be 5.6 Bcf today.

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