TTF moved even higher in today’s trading day to 111 euros/MWhr or $38/MMBtu (or $215 oil). Along with natgas, Rotterdam #coal is also up +56% from late last week.
Here is the terms
Today’s Fundamentals
Daily US natural gas production is estimated to be 91.9 Bcf/d this morning. Today’s estimated production is -0.32 Bcf/d to yesterday, and -0.95 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 67.7 Bcf today, -1.06 Bcf/d to yesterday, and +0.39 Bcf/d to the 7D average. US power burns are expected to be 32.6 Bcf today, and US ResComm usage is expected to be 7.8 Bcf.
Net LNG deliveries are expected to be 9.7 Bcf today. Freeport nominations dropped 0.5 Bcf/d DoD.
Mexican exports are expected to be 6.6 Bcf today, and net Canadian imports are expected to be 4.7 Bcf today.
The storage outlook for the upcoming report is +118 Bcf today.
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ION-Energy-Daily-Report-Oct-05-2021.pdf