global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home LNG Contracts & Pricing

G&A Expects 134 Bcf Withdrawal

Editor by Editor
3 years ago
Reading Time: 2 mins read
U.S. gas storage
Share on FacebookShare on TwitterShare on Linkedin

Weather forecasts declined once again, erasing ~19 Bcf of potential natural gas demand over the two-week forecast period.

RELATED POSTS

LNG-prices

Review of natural gas and LNG prices

3 days ago
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

1 week ago
LNG-prices

Review of natural gas and LNG prices

1 week ago

Similar to yesterday, the natural gas front month moved in a direction contrary to the demand change; as of the morning, the March contract is trading at $4.66, 16 cents higher than its noted close yesterday.

While the front month’s move is strong, additional buying is occurring down the curve; it can be noted that the daily percentage gains of the summer months outpace those of the front-month as expiration approaches and the traded volume of the March contract continues to slowly diminish.

There are a multitude of factors in the market contributing to the market’s bullish move, including but not limited to the escalation of Russia-Ukraine tensions, the pricing in of sub-average storage expectations, and higher gas to coal fuel switching in the coming summer months. For today, G&A will focus on the expectations surrounding tomorrow’s storage report.

March contract up 4%, trading at $4.66

G&A expects a withdrawal of 134 Bcf to be reported tomorrow; this is around 30 Bcf below the five-year average for this time of year.

In fact, tomorrow’s storage report will be the first of the year where the realized withdrawal value falls under that of the five-year average – this in of itself is a testament to the strength of the sustained cold period observed through January and early February.

During the week of storage, robust weather demand drove G&A’s storage model predictions well above 100 Bcf; however, increased week-over-week production (3.8 Bcf/D) outpaced overall week-over-week demand growth (0.4 Bcf/D), somewhat unraveling the trend of a tightening market over the last month.

Increased fuel switching away from gas would also contribute to further weakening over the week of storage as gas and coal generation both declined heavily in the face of a strong showing from wind generators across the country.

This week’s storage report falls in line with the one impacted by Storm Uri last year – this explains the large magnitude of last year’s withdrawal for this time of year at 300+ Bcf as well as the reason why the five-year average is higher than the weeks preceding 2/18.

While last year, nearly all of the cold occurred in one blast, the cold has been strong, but better distributed over a longer range this year.

Similar to last year, weather forecasts project declining withdrawals past late February as the end of the winter season approaches.

Source: Gelber and Associates

Tags: European gas pricesEuropean LNG importsGelber and Associates
Editor

Editor

Related Posts

LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

3 days ago
LNG-sabine-pass
LNG Contracts & Pricing

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

1 week ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

1 week ago
feedgas-LNG
LNG Projects

LNG feed gas dips; JERA deal propels Rio Grande train 5 toward FID

2 weeks ago
LNG-prices
LNG Contracts & Pricing

Review of natural gas and LNG prices

2 weeks ago
global-gas-market
LNG Contracts & Pricing

Europe’s exposure to a wild and volatile global gas market

4 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

LNG-prices

Review of natural gas and LNG prices

May 14, 2025
LNG-prices

Review of natural gas and LNG prices

June 4, 2025
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

June 4, 2025

Recent Post

LNG-prices

Review of natural gas and LNG prices

June 11, 2025
LNG-sabine-pass

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

June 4, 2025
LNG-prices

Review of natural gas and LNG prices

June 4, 2025
feedgas-LNG

LNG feed gas dips; JERA deal propels Rio Grande train 5 toward FID

May 31, 2025
LNG-prices

Review of natural gas and LNG prices

May 28, 2025
global-gas-market

Europe’s exposure to a wild and volatile global gas market

May 20, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

Review of natural gas and LNG prices

Feedgas flows to Sabine Pass, the largest LNG export plant in the US, down by 33%

Review of natural gas and LNG prices

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.