Daily Market Report – October 23, 2020

Daily Market Report – October 23, 2020

The EIA reported a 49 Bcf injection into storage inventories for the week ending Oct 16, confirming an increasingly tight supply/demand natural gas balance. Current Storage Levels are 3926 Bcf (+345 vs LY, +327 vs. 5Yr)   The storage surplus is quickly...
Daily Market Report – October 22, 2020

Daily Market Report – October 22, 2020

LNG feedgas hit 8.88 Bcf/d yesterday as Cameron and Freeport ramped up intake. For three days early this week, Freeport dropped its feedgas levels to approximately 1.6 Bcf/d but is not back to taking 2+ Bcf/d. Cameron has boosted it’s feedgas levels to 1.2 Bcf/d....
Daily Market Report – October 21, 2020

Daily Market Report – October 21, 2020

Our storage forecast for week ending October 16th is 54 Bcf. This injection would take inventories to 3931 Bcf (+350 vs. LY, +332 vs. 5Yr Avg). This injection would be significantly less than last year’s 92 Bcf for the same week, and the 5Yr average of 75 Bcf....
Daily Market Report – October 20, 2020

Daily Market Report – October 20, 2020

L48 Production has ramped up considerably over the past few days. BNEF estimates show production reaching 89 Bcf/d with resumption of offshore production, and Northeast production ramping back up. We have noticed Northeast production being highly responsive to local...
Daily Market Report – October 19, 2020

Daily Market Report – October 19, 2020

LNG feedgas levels still hasn’t been able to cross 8 Bcf/d. Cameron LNG now has 0.86 Bcf/d flowing to the terminal, while Sabine volumes are lower than last week at 2.46 Bcf/d today. The Sabine Channel now has similar issues to the Calcasieu Channel where a large...