Today 00z update continues to show the Euro EN trending warming then the GFS EN. There is some extreme heat expected in the short-term, but back to more normal after that.
Here is the current 3-7 day outlook:
Today’s Fundamentals
Daily US natural gas production is estimated to be 96.1 Bcf/d this morning. Today’s estimated production is -0.1 Bcf/d to yesterday, and +0.07 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 75.1 Bcf today, -0.96 Bcf/d to yesterday, and +0.7 Bcf/d to the 7D average. US power burns are expected to be 38.1 Bcf today, and US ResComm usage is expected to be 8.2 Bcf.
Net LNG deliveries are expected to be 10.4 Bcf today.
Mexican exports are expected to be 7.1 Bcf today, and net Canadian imports are expected to be 5.6 Bcf today.
For week ending June 17th, our S/D storage model is pointing to a +62 Bcf injection while our flow model is higher with a +65 Bcf. Below is the regional break down of the flow based model + the week storage activity at the 4 facilities that report on a weekly basis.
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NatGas-Daily-Report-June-22-2022.pdf