Daily Market Report – May 26, 2022

For today’s storage report our final projection is +86 Bcf (S/D +91 and Flow +81).

This is the results of our flow estimate.

The current Bloomberg survey is +88 and Bloomberg whisper is currently at +84 (the whisper is the average of the 17 top analysts).

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

Week 1 is +82 [today’s report]

Week 2 is +88

Week 3 is +87

There current end of Summer 2022 (Nov 10^th) is 3400. [Last week was 3480]
There current end of Winter 2022/23 (Apr 13^th) is 1672. [no OI]

Today’s Fundamentals

Daily US natural gas production is estimated to be  95.2 Bcf/d this morning. Today’s estimated production is -0.3 Bcf/d to yesterday, and -0.56 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 65.8 Bcf today,  -1.65 Bcf/d to yesterday, and -4.14 Bcf/d to the 7D average. US power burns are expected to be 28.8 Bcf today, and US ResComm usage is expected to be 9.4 Bcf.

Net LNG deliveries are expected to be 13.3 Bcf today. LNG deliveries stayed above 13 Bcf/d with some small changes in operations from facility to facility.

Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 4.8 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.