Today’s Fundamentals
Daily US natural gas production is estimated to be 92.7 Bcf/d this morning. Today’s estimated production is -0.03 Bcf/d to yesterday, and -0.29 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 69 Bcf today, -1.25 Bcf/d to yesterday, and +0.77 Bcf/d to the 7D average. US power burns are expected to be 33.1 Bcf today, and US ResComm usage is expected to be 7.9 Bcf.
Net LNG deliveries are expected to be 9.5 Bcf today. LNG feedgas got restated lower yesterday and continue to struggle today with Freeport taking lower volumes that normal.
Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 5 Bcf today.
The storage outlook for the upcoming report is +117 Bcf today.
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ION-Energy-Daily-Report-Oct-06-2021.pdf