Weather warmed up significantly over the weekend. The 6-10 periods showed a big change to the warmer side in both the Euro Ensemble and GFS Ensemble from Friday’s 12Z. So other than a small cold shot later this week, we expect temps to be fairly warm into the first third of April.
Today’s Fundamentals:
Daily US natural gas production is estimated to be 92.1 Bcf/d this morning. Today’s estimated production is -0.88 Bcf/d to yesterday, and -0.32 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 75.2 Bcf today, +1.05 Bcf/d to yesterday, and +3.46 Bcf/d to the 7D average. US power burns are expected to be 23.94 Bcf today, and US ResComm usage is expected to be 23.2 Bcf.
Net LNG deliveries are expected to be 11.6 Bcf today.
Mexican exports are expected to be 6.5 Bcf today, and net Canadian imports are expected to be 2.9 Bcf today.
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ION-Energy-Daily-Report-Mar-29-2021.pdf