Today’s Fundamentals
Daily US natural gas production is estimated to be 92.4 Bcf/d this morning. Production was lower out of the South Central region yesterday with Enable pipeline starting some maintenance. Additionally, we have not see all the GoM production resume after Hurricane Ida. We did see most of the 2 Bcf/d recover, but approximately 0.25-0.3 Bcf/d is still shut-in.
Natural gas consumption is modelled to be 68.5 Bcf today, -0.54 Bcf/d to yesterday, and +0.63 Bcf/d to the 7D average. US power burns are expected to be 31 Bcf today, and US ResComm usage is expected to be 10.4 Bcf.
Net LNG deliveries are expected to be 11.2 Bcf today. The move back above 11 Bcf/d today was due to Freeport resuming normal operations.
Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 4.5 Bcf today.
The storage outlook for the upcoming report is +93 Bcf today.
This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.