Offshore production in the Gulf Coast and power along the Louisiana coast are starting to return. The BSEE estimates that only 54% percent of the gas production in the Gulf of Mexico is now shut in versus 77% at the end of last week. Entergy also stated that they have restored nearly “90% of the 948,000 total customers who lost power”. Hit this link to get a more detailed breakdown of the restoration process by Parish: https://www.entergynewsroom.com/storm-center/article/entergy-louisiana-hurricane-ida-update-9-12-21/
The next threat to the Gulf region is TS Nicholas, which will bring heavy rainfall and potential flooding to the TX and Louisiana coastline. This storm has the potential of knock out some Gulf coast refineries, and other industrial demand. It does not look to be near any offshore production rigs.
Daily US natural gas production is estimated to be 90.6 Bcf/d this morning. Today’s estimated production is -0.81 Bcf/d to yesterday, and -0.53 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 70.7 Bcf today, +1.17 Bcf/d to yesterday, and +1.56 Bcf/d to the 7D average. US power burns are expected to be 35.1 Bcf today, and US ResComm usage is expected to be 7.1 Bcf.
Net LNG deliveries are expected to be 11.4 Bcf today.
Mexican exports are expected to be 6.5 Bcf today, and net Canadian imports are expected to be 5 Bcf today.
The storage outlook for the upcoming report is +77 Bcf today.
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