Tropical Storm Nicholas could “cause life-threatening flash floods across the deep South during the next couple of days,” the National Hurricane Center says. The storm, which reached hurricane strength late Monday, made landfall along the central Texas coast early Tuesday before weakening back into a tropical storm. Nicholas was about 30 miles south-southwest of Houston at 4 a.m. CDT and about 35 miles north-northwest of Freeport, Texas, and was moving north-northeast at 9 miles an hour. It had maximum sustained winds of 70 mph, dropping below the 74 mph threshold for a hurricane.
It’s expected to produce additional rainfall of 5 to 10 inches from the upper Texas coastal area into central to southern Louisiana. The impact to energy infrastructure across the coast line is unknown at the moment.
Today’s Fundamentals
Daily US natural gas production is estimated to be 89.8 Bcf/d this morning. Today’s estimated production is -1.65 Bcf/d to yesterday, and -1.43 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 70.9 Bcf today, -0.88 Bcf/d to yesterday, and +2.06 Bcf/d to the 7D average. US power burns are expected to be 36.1 Bcf today, and US ResComm usage is expected to be 7.2 Bcf.
Net LNG deliveries are expected to be 11.4 Bcf today.
Mexican exports are expected to be 6.8 Bcf today, and net Canadian imports are expected to be 5.2 Bcf today.
The storage outlook for the upcoming report is +80 Bcf today.
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ION-Energy-Daily-Report-Sep-14-2021.pdf