For the #natgas storage week of August 16-22 that ends today, I’m projecting a preliminary +25 BCF injection, 14 BCF bullish vs the 5-yr avg & once gain the single smallest build for the week in the last 5 yrs. The EIA will release its official number next Thursday, August 28.

After lagging behind multiple years for much of the Summer due to higher coal & renewable generation, the #natgas share of the powerstack is averaging 45.6% over the past week, a 5-yr high, courtesy of very weak wind generation. This will be short lived as cooler temperatures &

The near-term Gas-Weighted Degree Day (GWDD) outlook, as forecast by both the GFS & ECMWF, remains quite weak thanks to unseasonably chilly temperature east of the Rockies lasting through the first week of September. 14-day GWDDs are easily at 5-yr lows. #natgas

Net #natgas imports from Canada have weakened over the past 1-2 weeks and are now trailing year-ago levels by -1.2 BCF/d, a reversal from the first half of the year when imports consistently topped 2024 by 1-2 BCF/d. This has helped to blunt the gain in production.

For today’s EIA #Natgas Storage Report covering August 16-22, I’m projecting a +24 BCF injection, 15 BCF bullish vs the 5-yr avg & the single smallest build for the week in the last 5 years (for a second straight week).

With this week’s bullish +18 BCF #natgas storage build, the season-to-date injection stands at +1444 BCF. After holding at 5-year highs by a considerable margin for much of the Summer, this is now only a meager 10 BCF above 2020’s to-date build. With a bearish injection expected

While LNG feedgas demand continues to hover below recent highs near 16 BCF/day due to ongoing weakness at Corpus Christi, the year-over-year gain has jumped to a 6-week high at +4.8 BCF/d due to a sharp (albeit temporary) drop-off this time last year. This is more than enough to

For the #natgas storage week of August 23-29 that ends today, I’m projecting a preliminary +56 BCF injection, 21 BCF bearish vs the 5-yr avg & 40 BCF larger than last year. It would be the 2nd largest build for the week in the last 5 years. Much cooler temperatures dramatically

For today’s EIA #Natgas Storage Report, I’m projecting a +59 BCF injection, 24 BCF bearish vs the 5-yr avg & 43 BCF larger than last year. It would be the single largest build for the week in the last 5 yrs, just above 2022’s +58 BCF.

It will be a day of contrast across the Lower 48 today. Late-season heat into the 90s will build across the South & East which will support #natgas cooling demand. On the other hand, highs will be stuck in the 50s & 60s across the Midwest, 20F+ below-avg. The end result will be a

For the #natgas storage week of August 30-September 5 that ends today, I’m projecting a preliminary +73 BCF injection, 16 BCF bearish vs the 5-yr avg & tied with 2020 for the single largest build for the week in the last 5 yrs. Unseasonably chilly temperatures during the first

14-day accumulated GWDDs now stand at 129 GWDDs for September 7-20, which is technically a 5-year high for the period. However, the 5-year minimum is just 9 GWDDs lower at 120 GWDDs. This is what the Shoulder Season looks like when variations in temperature-driven #natgas demand

Over the weekend, LNG feedgas volumes to Sabine Pass rose to 4.8 BCF/d, the highest since the Spring. Expect to see flows gradually ramp up over then next few weeks as temperatures cool along the Gulf Coast. #Natgas

With mild temperatures dominating the Lower 48, Gas-Weighted Degree Days (GWDDs) will retreat to just 6.0 GWDDs today, a 5-year low for September 9 & a new seasonal low. Today will likely represent a near-term minimum with GWDDs nearly doubling by this time next week. #Natgas

Net #natgas imports from Canada have again trended lower to 4.6 BCF/day and are now trailing year-ago levels by over 1 BCF/day. This has helped to blunt the impact of still-strong production.

Over the past two days, LNG feedgas demand has dropped to just 14.8 BCF/d from a recent baseline near 16 BCF/d, up just +2.1 BCF/d vs 2024, as volumes to the Sabine Pass facility—the nation’s largest--have slumped to 69% capacity. #Natgas

For today’s EIA #Natgas Storage Report covering August 30-September 5, I’m projecting a +73 BCF injection, 16 BCF bearish vs the 5-yr avg & tied with 2020 for the single largest injection for the week in the last 5 yrs.