Daily Market Report – Sep 14, 2022

Today’s Fundamentals

Daily US natural gas production is estimated to be  99.5 Bcf/d this morning. Today’s estimated production is flat to yesterday, and -0.81 Bcf/d to the 7D average. At the regional view, the Northeast continues to back-off, despite frac crews in the area expanding starting late-August.

Natural gas consumption is modelled to be 73.9 Bcf today,  -0.83 Bcf/d to yesterday, and -1.51 Bcf/d to the 7D average. US power burns are expected to be 37.9 Bcf today, and US ResComm usage is expected to be 7.9 Bcf.

Net LNG deliveries are expected to be 11.7 Bcf today. Sabine rebounded to receiving 4.65 Bcf/d, and Calcasieu Pass is nominated to receive 1.73 Bcf/d.

Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 5.6 Bcf today.

For week ending Sept 9^th, the S/D storage is pointing to a +82 Bcf, while our flow model is at +74 Bcf injection.  LY we injected +78 Bcf during the same week. For our final estimate, we are going to line ourselves up with the +74 Bcf from the flow model.

This is the results of our flow model estimate:

Below is the storage activity at the facilities that report at the weekly level:

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