Commodity Market Report
North America gas weekly update: Storage surplus reaches a winter peak
Report summary
Colder weather ahead will put the brakes on the Lower 48 working gas storage surplus from expanding further after this week’s EIA weekly report. Although Freeport has been underperforming so far, its gradual LNG feedgas ramp up should also help tighten market balances. North American gas markets ask: • Will US gas production regain its record highs? • When will all three trains fully ramp up at Freeport LNG? • Can gas burns remain elevated?
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