Pipeline nomination data shows LNG feedgas levels jumping back to highs with Sabine jumping by 0.6 Bcf/d day-on-day, and Corpus Christie hitting a new record. At the beginning of the month, Cheniere stated that Corpus T3 was 96.7% complete. Today’s nomination data looks like the new train is starting to be tested.
With the latest increase in Corpus Christie, the new coincidental peak of all the facilities is 11.7 Bcf/d. So it is now likely that feedgas levels run over 11.0 Bcf/d by early December if Sabine and Freeport report to their higher operational levels.
Today’s Fundamentals
Daily US natural gas production is estimated to be 92 Bcf/d this morning. Today’s estimated production is -1.03 Bcf/d to yesterday, and -0.56 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 81.1 Bcf today, -4.82 Bcf/d to yesterday, and -0.3 Bcf/d to the 7D average. US power burns are expected to be 25.24 Bcf today, and US ResComm usage is expected to be 27.4 Bcf.
Net LNG deliveries are expected to be 10.7 Bcf today.
Mexican exports are expected to be 6.4 Bcf today, and net Canadian imports are expected to be 4.4 Bcf today.
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ION-Energy-Daily-Report-Nov-25-2020.pdf