North America gas weekly update: Cool down

• 75 bcf injection expected • East 27 bcf, Midwest 26 bcf, Mountain 5 bcf, Pacific 4 bcf, South Central 13 bcf • Salt storage withdraws -2 bcf Finally, a cool down has retreated blistering triple digit temperatures as we close out June that was once setting up as one of the hottest on record. Along with the extended outage at Freeport, reduced power burns continue to cool down North America gas prices. Perhaps Freeport was running too hard, too long, under very hot temperatures. Is there systematic risk? At minimum will other liquefaction trains take a cool down period to inspect systems and perform extended maintenance that might have been deferred? Additive is more active tropics that may pose a larger demand side impact with the growing concentration of Gulf Coast LNG trains.