LNG feedgas levels picked up in today’s nomination to above 11 Bcf/d. Sabine Pass volumes rose day-on-day leading to the levels back above 11 Bcf/d.
In other LNG related intel. We just passed the notification deadline for offtakers to inform Cheniere of March cancellations from either Sabine Pass or Corpus Christi. ICIS mentioned they are expected few cancellations for March with improved shipping availability. ICIS is expecting between 1-5 cancellations for Feb and less than 5 for March.
Below are the latest global LNG spreads
Today’s Fundamentals
Daily US natural gas production is estimated to be 90.5 Bcf/d this morning. Today’s estimated production is 0 Bcf/d to yesterday, and -0.39 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 102.1 Bcf today, -0.7 Bcf/d to yesterday, and -0.82 Bcf/d to the 7D average. US power burns are expected to be 28.44 Bcf today, and US ResComm usage is expected to be 41.5 Bcf.
Net LNG deliveries are expected to be 10.9 Bcf today.
Mexican exports are expected to be 6.8 Bcf today, and net Canadian imports are expected to be 6.3 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-Jan-26-2021.pdf