Today’s Fundamentals
Daily US natural gas production is estimated to be 93.5 Bcf/d this morning. Today’s estimated production is +1.11 Bcf/d to yesterday, and +0.69 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 69.1 Bcf today, -1.48 Bcf/d to yesterday, and -0.33 Bcf/d to the 7D average. US power burns are expected to be 32.5 Bcf today, and US ResComm usage is expected to be 8.7 Bcf.
Net LNG deliveries are expected to be 10.7 Bcf today. The increase was from Corpus Christi, which increased +0.47 Bcf/d. Corpus appears to had unplanned maintenance for the past 2 day, although nothing was reported. All LNG facilities are operating at strong levels. This weekend we expected Cove Point return which should take LNG feedgas levels to 11+ Bcf/d once again.
Mexican exports are expected to be 6.6 Bcf today, and net Canadian imports are expected to be 4.8 Bcf today.
The storage outlook for the upcoming report is +92 Bcf today.
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ION-Energy-Daily-Report-Oct-08-2021.pdf