Sabine Pass’ flows dropped slight this morning take total LNG feedgas levels to 10.9 Bcf/d. The drop primarily occurred via their TETCO interconnect on Creole Trail. TETCO is currently being required by the Pipeline and Hazardous Material Safety Administration (PHMSA) to reduce their flows through the mainline near the upstream Uniontown compressor by 20%, which is reducing overall Southbound flows on the pipe.
This link has the full details of the TETCO outage: https://s3-us-west-2.amazonaws.com/research.criterionrsch.com/img/5752b781731558bc2863f9c4/f5bb0d887eb41102949bafbb37934171.pdf
Today’s Fundamentals
Daily US natural gas production is estimated to be 90.2 Bcf/d this morning. Today’s estimated production is -2.02 Bcf/d to yesterday, and -1.5 Bcf/d to the 7D average. Today’s drop should be revised higher in later nomination cycles as we saw yesterday.
Natural gas consumption is modelled to be 63.2 Bcf today, +0.33 Bcf/d to yesterday, and -1.71 Bcf/d to the 7D average. US power burns are expected to be 31 Bcf today, and US ResComm usage is expected to be 8.5 Bcf.
Net LNG deliveries are expected to be 10.9 Bcf today.
Mexican exports are expected to be 7.3 Bcf today, and net Canadian imports are expected to be 4.1 Bcf today.
The storage outlook for the upcoming report is +100 Bcf today.
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ION-Energy-Daily-Report-June-02-2021.pdf