Pipeline nomination data shows a drop in Northeast production today. Planned maintenance on TGP, TCO Gas and other Appalachian pipes pushed back almost 1 Bcf/d of production. This should tighten balances up especially as we see the late-summer heat for the rest of the month. Luckily winds are expected to be strong in the South Central to keep burns in check.
Today’s Fundamentals
Daily US natural gas production is estimated to be 91.3 Bcf/d this morning. Today’s estimated production is -1.85 Bcf/d to yesterday, and -1.57 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 78.5 Bcf today, +1.03 Bcf/d to yesterday, and +2.55 Bcf/d to the 7D average. US power burns are expected to be 42.9 Bcf today, and US ResComm usage is expected to be 7.8 Bcf.
Net LNG deliveries are expected to be 10.1 Bcf today.
Mexican exports are expected to be 6.9 Bcf today, and net Canadian imports are expected to be 5 Bcf today.
The storage outlook for the upcoming report is +45 Bcf today.
This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.
ION-Energy-Daily-Report-Aug-24-2021.pdf