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 semi-submersible rig drifted into the Channel on Saturday morning. This is blocking any vessels with draft greater than 32 ft. It is expected to be removed today; hence we could see Sabine flows ramp up to >4 Bcf/d for tomorrow’s gas day.




Today’s Fundamental’s

Daily US natural gas production is estimated to be  88.6 Bcf/d this morning. Today’s estimated production is -0.3 Bcf/d to yesterday, and +0.65 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 75.9 Bcf today,  +1.68 Bcf/d to yesterday, and +2.12 Bcf/d to the 7D average. US power burns are expected to be 28.64 Bcf today, and US ResComm usage is expected to be 18.3 Bcf.

Net LNG deliveries are expected to be 7.9 Bcf today.

Mexican exports are expected to be 6.1 Bcf today, and net Canadian imports are expected to be 3.3 Bcf today.

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