Commodity Market Report
North America gas weekly update: The heat is on
Report summary
• 43 bcf injection expected • East 21 bcf, Midwest 24 bcf, Mountain 2 bcf, Pacific 3 bcf, South Central -7 bcf • Salt storage withdraws for the fifth consecutive week at -15 bcf It can’t get much hotter than this right? Record heat is ramping up power demand levels and cutting into the feedgas demand requirement loss from Freeport LNG. Storage injections are suffering as a result without much narrowing of the storage deficit. The North America gas market asks: • Will hot temperatures start to cool off or persist? • Are US gas production gains sustainable? • Any signs of progress at Freeport LNG?
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