LNG Feedgas deliveries have been lower the past couple of days primarily due to Cheniere’s Sabine Pass in take volumes. On Jan 18th the facility was taking 4.2 Bcf/d, and today that has slid to 2.6 Bcf/d. There is no definitive statement from the company, but the rumor is that Train 1 & 5 are offline for maintenance. The drop in volumes does fit that story.

Last January, Sabine feedgas volumes went down in a similar fashion from January 11-17.

 

 

 

 

Today’s Fundamentals:

 

Daily US natural gas production is estimated to be  90.4 Bcf/d this morning. Today’s estimated production is -1.09 Bcf/d to yesterday, and -0.35 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 96.6 Bcf today,  -6.48 Bcf/d to yesterday, and -3.02 Bcf/d to the 7D average. US power burns are expected to be 25.74 Bcf today, and US ResComm usage is expected to be 39 Bcf.

 

Net LNG deliveries are expected to be 9.1 Bcf today.

Mexican exports are expected to be 6.6 Bcf today, and net Canadian imports are expected to be 6.1 Bcf today.   

 

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