LNG volumes have been restated in late-day nominations for the past few days. Both Cameron and Freeport had lower volumes going into their terminals. Freeport did report some electrical problems earlier this week. In other news, Calcasieu Pass is starting to receive small volumes which could be an indication that the first set of liquefactions blocks might be coming online soon.
Overall feedgas levels have been coming in below 10 Bcf/d, mainly due to Cove Point being on annual maintenance.
Today’s Fundamentals
Daily US natural gas production is estimated to be 91.9 Bcf/d this morning. Today’s estimated production is -1.26 Bcf/d to yesterday, and -0.87 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 67.5 Bcf today, +0.56 Bcf/d to yesterday, and +2.14 Bcf/d to the 7D average. US power burns are expected to be 31.5 Bcf today, and US ResComm usage is expected to be 9 Bcf.
Net LNG deliveries are expected to be 10.5 Bcf today.
Mexican exports are expected to be 6.7 Bcf today, and net Canadian imports are expected to be 5.8 Bcf today.
The storage outlook for the upcoming report is +92 Bcf today.
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ION-Energy-Daily-Report-Sep-29-2021.pdf