Natural Gas Supply / Demand
Posted: Fri Apr 27, 2018 8:44 am
Comments below from TPH:
"Natural gas inventories drew (18)bcf compared to (12)bcf expectations. Weather-adjusted the market was ~1.0-2.0bcfd undersupplied.
Expect the market to remain undersupplied next week with colder than normal weather across the East Coast. However, the 6-14 day forecasts continue to predict warmer-than-normal temperatures, signaling that injection season is right around the corner. US nat gas production rebounded back to 80bcfd while Mexican exports have stabilized at ~4.3bcfd. LNG exports remain volatile w/w with April exports averaging ~3.5bcfd (+150mmcfd m/m)."
My SWAG is that U.S. natural gas in storage will be 930 Bcf below where it was a year ago on April 30.
That will increase demand by 5 Bcf per day during the six month refill season (930 / 184 days). 5 Bcfpd is a heck of a lot of gas.
U.S. total gas production is ~80 Bcfpd.
"Natural gas inventories drew (18)bcf compared to (12)bcf expectations. Weather-adjusted the market was ~1.0-2.0bcfd undersupplied.
Expect the market to remain undersupplied next week with colder than normal weather across the East Coast. However, the 6-14 day forecasts continue to predict warmer-than-normal temperatures, signaling that injection season is right around the corner. US nat gas production rebounded back to 80bcfd while Mexican exports have stabilized at ~4.3bcfd. LNG exports remain volatile w/w with April exports averaging ~3.5bcfd (+150mmcfd m/m)."
My SWAG is that U.S. natural gas in storage will be 930 Bcf below where it was a year ago on April 30.
That will increase demand by 5 Bcf per day during the six month refill season (930 / 184 days). 5 Bcfpd is a heck of a lot of gas.
U.S. total gas production is ~80 Bcfpd.