US NATGAS: Gulf Coast Natgas Fundamentals

Houston is expected to have some cooler weather starting week, but weather remains warmer in other Gulf demand centers for the next 2 weeks. Regional market is longer today with inflows to the Gulf Coast holding largely flat overnight and outflows to the Southeast falling. 

• Houston week ahead weather forecasts are calling for warmer than normal weather. Houston cumulative CDDs decreased by 2.7 compared with the prior forecast.
• Houston cumulative CDDs count for the next 5 days is 43.76, up 34.84 days from the 10-year normal, while the count for the next 14 days is 71.73, up 47.6 days from the 10-year normal.
• Corpus Christi cumulative CDDs count for the next 5 days is 56.9, up 38.86 days from the 10-year normal, while the count for the next 14 days is 107.53, up 60.02 days from the 10-year normal.
• Brownsville cumulative CDDs count for the next 5 days is 73.55, up 42.26 days from the 10-year normal, while the count for the next 14 days is 164.4, up 79.64 days from the 10-year normal.
• Gulf Coast demand is 20.8 Bcf/d today, down 0.4 Bcf/d from yesterday and down 0.68 Bcf/d from last week.
• Gulf Coast supply is 17.6 Bcf/d today, down 0.48 Bcf/d from yesterday and down 1.24 Bcf/d from last week.
• Permian inflows are 9.5 Bcf/d today, down 0.08 Bcf/d from yesterday and down 0.62 Bcf/d from last week.
• Gulf Coast exports to Mexico reached 2.9 Bcf/d today, down 0.06 Bcf/d from yesterday and up 0.01 Bcf/d from last week.
• MidCon net imports are 2.3 Bcf/d today, up 0.12 Bcf/d from yesterday and up 0.61 Bcf/d from last week.
• Outflows to the Southeast are 3.4 Bcf/d today, down 0.51 Bcf/d from yesterday and down 1.58 Bcf/d from last week.
• All fundamentals data is BNEF. Current figures as of publishing.