Global LNG Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global LNG Hub
Home LNG Contracts & Pricing

G&A Expects 134 Bcf Withdrawal

Editor by Editor
11 months ago
min read2 min
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

Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3

Henry hub prices slide below $3

4 days 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

Spot LNG trade fell in 2022
LNG Contracts & Pricing

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong
LNG Contracts & Pricing

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3
LNG Contracts & Pricing

Henry hub prices slide below $3

4 days ago
Mauritania/Senegal on track to begin LNG exports
LNG Projects

Mauritania/Senegal on track to begin LNG exports

4 days ago
LNG-prices
LNG Contracts & Pricing

Weekly trend of natural gas and LNG prices – January 23

5 days ago
Freeport-LNG
LNG Projects

Freeport LNG completes repairs

5 days 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

Weekly trend of natural gas and LNG prices – January 16

2 weeks ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 11

3 weeks ago
Freeport-LNG

Freeport LNG completes repairs

5 days ago
Load More

Recent Post

Spot LNG trade fell in 2022

Spot LNG trade fell in 2022

3 days ago
Global gas price correlation remains strong

Global gas price correlation remains strong

3 days ago
Henry hub prices slide below $3

Henry hub prices slide below $3

4 days ago
Mauritania/Senegal on track to begin LNG exports

Mauritania/Senegal on track to begin LNG exports

4 days ago
LNG-prices

Weekly trend of natural gas and LNG prices – January 23

5 days ago
Freeport-LNG

Freeport LNG completes repairs

5 days ago
Load More

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

Spot LNG trade fell in 2022

Global gas price correlation remains strong

Henry hub prices slide below $3

Energise your Wednesday!

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

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

© 2020 GlobalLngHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Asian LNG
    • Australian LNG
    • European LNG
    • FLNG
    • Global LNG
    • LNG Africa
    • LNG Bunkering
    • LNG Latin America
    • LNG North America
    • LNG Projects
    • LNG Trade and Pricing
    • Middle East LNG
    • Small Scale LNG
    • Others
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

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

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise Your Wednesday!

SIGN UP to receive our weekly newsletter with new LNG market reports, presentations & analysis. EVERY WEDNESDAY!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?