The Jan contracts looks to be trading higher this morning with the Euro Ensemble showed some cooler signs in the 11-15 day period this morning.
NWS issued a warning regarding heavy snow over portions of the Ohio Valley, alongside flood and severe weather threats to the Mid-Atlantic.
Today’s Fundamentals
Daily US natural gas production is estimated to be 90.8 Bcf/d this morning. Today’s estimated production is -0.08 Bcf/d to yesterday, and -0.03 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 93.9 Bcf today, +0.75 Bcf/d to yesterday, and -10.26 Bcf/d to the 7D average. US power burns are expected to be 26.24 Bcf today, and US ResComm usage is expected to be 37.2 Bcf.
Net LNG deliveries are expected to be 11 Bcf today.
Mexican exports are expected to be 6.2 Bcf today, and net Canadian imports are expected to be 5.4 Bcf today.
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ION-Energy-Daily-Report-Dec-22-2020.pdf