The two major weather models did not show much of a change over the weekend. The big mover this weekend was wind, which looks to have set a new seasonal high. On Saturday, wind generation hit an average of 60 GWh. The ERCOT alone had an average of 18.2 GWh which is more than the US has all together on most days.
Today’s Fundamentals
Daily US natural gas production is estimated to be 1.8 Bcf/d this morning. Today’s estimated production is -90.94 Bcf/d to yesterday, and -90.87 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 67.2 Bcf today, +1.56 Bcf/d to yesterday, and -1.4 Bcf/d to the 7D average. US power burns are expected to be 30.9 Bcf today, and US ResComm usage is expected to be 9.7 Bcf.
Net LNG deliveries are expected to be 10.5 Bcf today.
Mexican exports are expected to be 6.4 Bcf today, and net Canadian imports are expected to be 4.7 Bcf today.
The storage outlook for the upcoming report is +92 Bcf today.
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ION-Energy-Daily-Report-Oct-11-2021.pdf