Cameron LNG showed some signs of life yesterday with a small amount of feedgas arriving at the terminal – 12 mmcf/d. The same was nominated for today. This could be a sign that the terminal is starting up soon.
LNG deliveries fell overall today from the weeked with some short-term maintenance impacting Sabine. Sabine’s Creole Trail feeder line has compressor maintenance scheduled from Sept 29 to Oct 2. Cove Point is still offline for annual maintenance. The plant traditionally has a 3 week maintenance each year; hence the expectations is for it to be back around Oct 10.
Today’s Fundamentals:
Daily US natural gas production is estimated to be 86.4 Bcf/d this morning. Today’s estimated production is -0.06 Bcf/d to yesterday, and +0.85 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 68.7 Bcf today, +3.96 Bcf/d to yesterday, and +3.64 Bcf/d to the 7D average. US power burns are expected to be 32.14 Bcf today, and US ResComm usage is expected to be 9.5 Bcf.
Net LNG deliveries are expected to be 6.1 Bcf today.
Mexican exports are expected to be 6.3 Bcf today, and net Canadian imports are expected to be 3.6 Bcf today.
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ION-Energy-Daily-Report-Sept-28-2020.pdf