LNG feedgas volumes dropped the past two days with Cameron and Sabine Pass both taking less in. Today’s nomination data shows operations look to be resuming at both terminals.
Cameron volumes were lower due to utility plant trip knocking them offline. Sabine volumes were supposedly lower due to fog issues backing up tanker arrivals.
Today’s expected feedgas deliveries are 10.85 Bcf/d.
Today’s Fundamentals
Daily US natural gas production is estimated to be 90.5 Bcf/d this morning. Today’s estimated production is -0.33 Bcf/d to yesterday, and -0.66 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 106.3 Bcf today, -3.86 Bcf/d to yesterday, and +9.63 Bcf/d to the 7D average. US power burns are expected to be 274 Bcf today, and US ResComm usage is expected to be 44.5 Bcf.
Net LNG deliveries are expected to be 10.9 Bcf today.
Mexican exports are expected to be 6.3 Bcf today, and net Canadian imports are expected to be 6.6 Bcf today.
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ION-Energy-Daily-Report-Dec-16-2020.pdf