Commodity Market Report

North America gas weekly update: Triple digit heat

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21 June 2022

North America gas weekly update: Triple digit heat

Report summary

• 60 bcf injection expected • East 22 bcf, Midwest 22 bcf, Mountain 3 bcf, Pacific 9 bcf, South Central 4 bcf • Salt storage withdraws -10 bcf It's hot outside. Triple digit temperatures have been blanketing many major gas summing regions persistently. Power demand have shot up as a result more akin to peak summer levels. Some relief is in sight with more normal weather being forecast as we end out June. The loss of LNG feedgas demand from Freeport have not made much of a material impact to storage injections due to the high heat. Longer-term, barring persistent above normal temperatures and underperforming US gas production, higher injections should start to material and narrow the storage deficit heading into the winter.

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This report contains:

  • Document

    Weekly 21 June 2022.pdf

    PDF 628.08 KB

  • Document

    Scrape Data.xlsx

    XLSX 498.85 KB

  • Document

    Imbalance Chart Pred.xlsx

    XLSX 471.42 KB

  • Document

    Weather Index.xlsx

    XLSX 135.96 KB