Hot weather forecasts across much of the US support the US Natgas price with heat advisories in effect for California and the Southwest.

• US Natgas OCT 22 up 2.1% at 8.97$/mmbtu
• Lower 48 dry gas demand has dipped slightly over the weekend to 70.8bcf/d yesterday but the strong cooling demand is likely to maintain consumption above the 5-year average of about 63bcf/d for the time of year.
• The estimated dry gas production set another new record high over the weekend up to 100.9bcf/d. Baker Hughes rig count data released on Friday showed an increase in gas rigs to 162 after a stabilization between 158 and 160 in recent weeks.
• Strong overseas demand is driving high LNG exports despite the ongoing Freeport LNG outage with deliveries to terminals today showing up to 11.6bcf/d while supply to Mexico is stable at 6.7bcf/d.