- Weather models have turned more supportive over the last few days with the 10-15 day showing colder than normal potential.
- For the week ending 12/17, we have a draw of -60 Bcf.
- On the fundamentals front, despite the 2nd warmest 4th quarter since 1950, total gas demand has held up well in part to record highs in LNG exports, but also strong-power-burn-demand.
- Looking at 2022, the increase in demand should easily support an increase in production to 97-98 Bcf/d.
For further details see:
Weather Models Turn Supportive And What To Make Of All This On Natural Gas Fundamentals?