Here are the latest details regarding the development and path for Hurricane Ian. The models have the path of the storm impacting Tampa midweek and moving slowly onshore. The severe wind + cooler weather + storm surge will likely cause power infrastructure damage; hence lower gas consumption levels in the region.
Today’s Fundamentals
Daily US natural gas production is estimated to be 100.4 Bcf/d this morning. Today’s estimated production is -0.53 Bcf/d to yesterday, and -0.03 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 72.3 Bcf today, +0.73 Bcf/d to yesterday, and -2.98 Bcf/d to the 7D average. US power burns are expected to be 32.8 Bcf today, and US ResComm usage is expected to be 9.4 Bcf.
Net LNG deliveries are expected to be 11.7 Bcf today.
Mexican exports are expected to be 5.9 Bcf today, and net Canadian imports are expected to be 6 Bcf today.
The storage outlook for the upcoming report is +102 Bcf today.
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NatGas-Daily-Report-Sept-26-2022.pdf