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US NATGAS: Northeast Ngas Update: demand declines, region is stable d/d

US NATGAS
  • Prompt April 25, Transco Z6 currently priced at $3.67 mmcf, and EGT-SP is $3.38 mmcf
  • Northeast demand is currently at 36.3 bcf/d, down by around 0.66 bcf/d. Demand is 4.37 bcf/d above the 30-day average.
  • To the east, compared to the previous GFS 15day forecast, NYC  lost 1.53 HDDs, for a total of 364.16 HDDs. This is 85.13 above the 10yr normal
  • To the west, compared to the previous GFS 15day forecast, Columbus OH  lost 12.33 HDDs, for a total of 411.15 HDDs. This is 65.55 above the 10yr normal
  • Within the region, total End User demand is down 0.39 bcf/d, at 16.29 bcf/d. Comprised of 47% power generation, 39% rescom, and 14% industrial.
  • Net outflows from the region are down 0.32 bcf/d to 15.31 bcf/d.
  • Production in the region is around 36.08 bcf/d, down around 0.03 bcf/d on the day.
  • Production from the Appalachia shale play is 35.49 bcf/d, down around 0.12 bcf/d on the day. This compares to a 30-day average of 35.3 bcf/d.
  • Imports from Canada are down to around 519 mcf/d today. This compares to 504 mcf/d yesterday.
  • Feedgas exports to Cove Point LNG are currently at 856 mcf/d, down around 25 mcf/d today. This is below the 30-day average of 879 mcf/d.
  • This puts the daily supply surplus at around 0.5 bcf/d widening by 0.81 bcf/d on the day.
  • The NE region refers to New York, Ohio, Pennsylvania, Virginia, West Virginia, and Maryland. All flow and production data is from Bloomberg.
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  • Prompt April 25, Transco Z6 currently priced at $3.67 mmcf, and EGT-SP is $3.38 mmcf
  • Northeast demand is currently at 36.3 bcf/d, down by around 0.66 bcf/d. Demand is 4.37 bcf/d above the 30-day average.
  • To the east, compared to the previous GFS 15day forecast, NYC  lost 1.53 HDDs, for a total of 364.16 HDDs. This is 85.13 above the 10yr normal
  • To the west, compared to the previous GFS 15day forecast, Columbus OH  lost 12.33 HDDs, for a total of 411.15 HDDs. This is 65.55 above the 10yr normal
  • Within the region, total End User demand is down 0.39 bcf/d, at 16.29 bcf/d. Comprised of 47% power generation, 39% rescom, and 14% industrial.
  • Net outflows from the region are down 0.32 bcf/d to 15.31 bcf/d.
  • Production in the region is around 36.08 bcf/d, down around 0.03 bcf/d on the day.
  • Production from the Appalachia shale play is 35.49 bcf/d, down around 0.12 bcf/d on the day. This compares to a 30-day average of 35.3 bcf/d.
  • Imports from Canada are down to around 519 mcf/d today. This compares to 504 mcf/d yesterday.
  • Feedgas exports to Cove Point LNG are currently at 856 mcf/d, down around 25 mcf/d today. This is below the 30-day average of 879 mcf/d.
  • This puts the daily supply surplus at around 0.5 bcf/d widening by 0.81 bcf/d on the day.
  • The NE region refers to New York, Ohio, Pennsylvania, Virginia, West Virginia, and Maryland. All flow and production data is from Bloomberg.