US natural gas production started improving the past couple of day. Yesterday’s finals noms now have production restated higher to almost 87 Bcf/d. Most the uptick came from production resuming in the South Central. Today we see the Northeast production jump 0.7 Bcf/d DoD. Some of this is due to the completion of the TCO Leach maintenance work.
We expect final nominations to restate today’s production above 88 Bcf/d once again. This take production to levels last seen around Sept 10th.
Today’s Fundamentals:
Daily US natural gas production is estimated to be 86.2 Bcf/d this morning. Today’s estimated production is -0.51 Bcf/d to yesterday, and +0.67 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 70.3 Bcf today, +0.9 Bcf/d to yesterday, and +5 Bcf/d to the 7D average. US power burns are expected to be 32.44 Bcf today, and US ResComm usage is expected to be 11.1 Bcf.
Net LNG deliveries are expected to be 6.6 Bcf today.
Mexican exports are expected to be 6.3 Bcf today, and net Canadian imports are expected to be 3.3 Bcf today.
Bloomberg IM: Het Shah
enelyst DM: @het.co
Tel: 917-975-2960
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ION-Energy-Daily-Report-Sept-29-2020.pdf