US NATGAS: Gulf Coast Natgas Fundamentals - Jan 7th
Jan-07 12:51
More supportive weather is expected starting Friday along the Gulf Coast, however, HDDs will remain below normal in Houston and Corpus Christi. LNG feedgas demand at Corpus Christi is back up this morning as pipeline maintenance was completed yesterday, but the increase is being offset by a decline in power and intrastate demand and further declines at Sabine Pass. Inflows from the MidCon are down as a result.
- Houston week ahead weather forecasts are calling for warmer than normal weather, putting downward pressure on HSC. Houston cumulative HDDs increased by 13.6 compared with the prior forecast.
- Houston cumulative HDDs count for the next 5 days is 26.61, down -33.46 days from the 10-year normal, while the count for the next 14 days is 113.87, down 66.32 days from the 10-year normal.
- Corpus Christi cumulative HDDs count for the next 5 days is 18.24, down -25.05 days from the 10-year normal, while the count for the next 14 days is 52.48, down 76.14 days from the 10-year normal.
- Brownsville cumulative HDDs count for the next 5 days is 7.03, down 19.6 days from the 10-year normal, while the count for the next 14 days is 10.78, down 69.16 days from the 10-year normal.
- Gulf Coast demand is 20.3 Bcf/d today, up 0.09 Bcf/d from yesterday and down 2.01 Bcf/d from last week.
- Gulf Coast supply is 18.1 Bcf/d today, down 0.69 Bcf/d from yesterday and down 0.88 Bcf/d from last week.
- Permian inflows are 10.6 Bcf/d today, up 0.28 Bcf/d from yesterday and up 0.05 Bcf/d from last week.
- Gulf Coast exports to Mexico reached 2.4 Bcf/d today, up 0.03 Bcf/d from yesterday and down 0.11 Bcf/d from last week.
- MidCon net imports are 1.6 Bcf/d today, down 0.33 Bcf/d from yesterday and down 0.15 Bcf/d from last week.
- Outflows to the Southeast are 6.5 Bcf/d today, up 0.15 Bcf/d from yesterday and down 0.5 Bcf/d from last week.
- All fundamentals data is BNEF. Current figures as of publishing.
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