North America gas weekly update: Memorial Day holiday instigates injection’s seasonal high
The largest weekly US L48 gas storage injections often arise around Memorial Day. That’s when seasonal demand is at a low point, exacerbated by holiday impacts. This year is no different. On the other side of the equation, currently lower US gas production levels, especially in the Haynesville, are limiting the further ballooning of storage injections. The weekly commodity report seeks to explore: • What might be causing Haynesville production declines? • Where is LNG maintenance occurring? • When will higher cooling degree days appear?