Catching my eye in gas this week:
- LNG Canada first shipment away, more cargos en route
- CAL26/27/28+ AECO / St2 took a 30-50c step back this week in absense of any real fundamental news. Shoulder tap at a fund? Or a big Canadian gas transaction needing a PDP hedge. Would poll…
#natgas EURO ENS Unchanged and 25 warmer than normal
GFS ENS -1 and 35 warmer than normal.
ERCOT wind Generation is expected to remain low for the next week
Production back to 107.5 with CAD imports stable at 6.4 and MEXPORTS also stable at 7.5
LNG 15 BCFD with Corpus .7 off its…
⭕️The main reason for China’s declining LNG imports is slow economic growth, followed by increased imports via pipeline from Russia, rising domestic production, and greater use of solar and wind without a significant decline in coal consumption.
⭕️As discussed previously, the…
U.S. GAS INVENTORIES are rising at the fastest rate on record as a result of strong production growth, problems at LNG export terminals and relatively high prices dampening consumption by power generators. Inventories have risen by 900 billion cubic feet (bcf) since March 7…
The reason U.S. natural gas will power the data center and manufacturing boom—in addition to its availability, cost, and reliability—is that it's already the fastest growing energy source globally for two decades. It's poised to scale rapidly to meet diverse energy needs.
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