CDN NEWS | 
US NEWS 
Front-month gas futures for October delivery on the New York Mercantile Exchange fell 0.3 cents, or 0.1%, to settle at $2.765 per million British thermal units (mmBtu).
For the week, the front-month was up about 9% after falling less than 1% last week.
In Georgia and Florida, there were still over 104,000 homes and businesses without power on Friday in the wake of Hurricane Idalia, according to data from PowerOutage.us. Those figures were down from outage peaks of around 288,000 in Florida and 217,000 in Georgia as utilities restored service.
Energy traders said the electric outages were limiting the amount of gas that power generators in those states were burning to produce electricity.
The remains of Idalia were expected to die out in the Atlantic Ocean by the middle of next week. No tropical cyclones were expected to make landfall in the U.S. over the next week, according to the latest forecast from the U.S. National Hurricane Center (NHC).
SUPPLY AND DEMAND
Financial firm LSEG said average gas output in the lower 48 U.S. states rose to 102.2 billion cubic feet per day (bcfd) in August, up from 102.1 bcfd in July. That compares with a monthly record of 102.3 bcfd in May.
On a daily basis, however, output over the past couple of days was on track to drop by 2.7 bcfd to a preliminary four-month low of 99.2 bcfd on Friday. Energy traders noted that preliminary data – especially start of the month data – is often revised later in the day.
Meteorologists forecast the weather in the lower 48 U.S. states will remain mostly hotter than normal through at least Sept. 16.
LSEG forecast U.S. gas demand, including exports, will slide from 104.4 bcfd this week to 101.7 bcfd next week due in part to the long holiday weekend before rising to 103.2 bcfd in two weeks, due in part to a forecast increase in LNG exports. The forecasts for this week and next were similar to LSEG’s outlook on Thursday.
Gas flows to the seven big U.S. LNG export plants fell from an average of 12.7 bcfd in July to 12.3 bcfd in August due mostly to reductions at Cheniere Energy’s (LNG.A) Sabine Pass in Louisiana and Corpus Christi in Texas. That compares with a monthly record of 14.0 bcfd in April.
|
Week ended Sep 1 Forecast
|
Week ended Aug 25 Actual
|
Year ago Sep 1
|
Five-year average
Sep 1 |
||
|
U.S. weekly natgas storage change (bcf):
|
41
|
32
|
55
|
60
|
|
|
U.S. total natgas in storage (bcf):
|
3,156
|
3,115
|
2,686
|
2,926
|
|
|
U.S. total storage versus 5-year average
|
7.9%
|
8.7%
|
|||
|
Global Gas Benchmark Futures ($ per mmBtu)
|
Current Day
|
Prior Day
|
This Month Last Year
|
Prior Year Average 2022
|
Five Year Average (2017-2021)
|
|
Henry Hub
|
2.74
|
2.77
|
7.76
|
6.54
|
2.89
|
|
Title Transfer Facility (TTF)
|
10.35
|
11.29
|
57.90
|
40.50
|
7.49
|
|
Japan Korea Marker (JKM)
|
13.20
|
13.41
|
46.99
|
34.11
|
8.95
|
|
LSEG Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days
|
|||||
|
Two-Week Total Forecast
|
Current Day
|
Prior Day
|
Prior Year
|
10-Year Norm
|
30-Year Norm
|
|
U.S. GFS HDDs
|
6
|
6
|
3
|
7
|
19
|
|
U.S. GFS CDDs
|
199
|
200
|
189
|
165
|
142
|
|
U.S. GFS TDDs
|
205
|
206
|
192
|
172
|
161
|
|
LSEG U.S. Weekly GFS Supply and Demand Forecasts
|
|||||
|
Prior Week
|
Current Week
|
Next Week
|
This Week Last Year
|
Five-Year Average For Month
|
|
|
U.S. Supply (bcfd)
|
|||||
|
U.S. Lower 48 Dry Production
|
101.4
|
102.0
|
101.6
|
98.8
|
92.6
|
|
U.S. Imports from Canada
|
7.2
|
7.2
|
7.5
|
8.4
|
7.8
|
|
U.S. LNG Imports
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
Total U.S. Supply
|
108.5
|
109.2
|
109.l
|
107.2
|
100.4
|
|
U.S. Demand (bcfd)
|
|||||
|
U.S. Exports to Canada
|
1.4
|
1.5
|
1.8
|
2.1
|
2.4
|
|
U.S. Exports to Mexico
|
6.9
|
7.0
|
7.0
|
5.1
|
5.6
|
|
U.S. LNG Exports
|
11.8
|
12.5
|
12.8
|
10.4
|
6.5
|
|
U.S. Commercial
|
4.5
|
4.5
|
4.5
|
4.5
|
4.9
|
|
U.S. Residential
|
3.6
|
3.6
|
3.6
|
3.6
|
3.9
|
|
U.S. Power Plant
|
46.9
|
46.3
|
43.3
|
42.9
|
34.9
|
|
U.S. Industrial
|
21.4
|
21.5
|
21.4
|
21.3
|
21.5
|
|
U.S. Plant Fuel
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
|
U.S. Pipe Distribution
|
2.2
|
2.2
|
2.1
|
2.2
|
2.2
|
|
U.S. Vehicle Fuel
|
0.1
|
0.1
|
0.1
|
0.1
|
0.1
|
|
Total U.S. Consumption
|
83.7
|
83.4
|
80.1
|
79.6
|
72.5
|
|
Total U.S. Demand
|
103.9
|
104.4
|
101.7
|
97.2
|
87.0
|
|
U.S. Northwest River Forecast Center (NWRFC) at The Dalles Dam
|
Current Day % of Normal Forecast
|
Prior Day % of Normal Forecast
|
2022
% of Normal Actual |
2021 % of Normal Actual
|
2020 % of Normal Actual
|
|
Apr-Sep
|
83
|
83
|
107
|
81
|
103
|
|
Jan-Jul
|
77
|
77
|
102
|
79
|
98
|
|
Oct-Sep
|
76
|
76
|
103
|
81
|
95
|
|
U.S. weekly power generation percent by fuel – EIA
|
|||||
|
Week ended Sep 1
|
Week ended Aug 25
|
Week ended Aug 18
|
Week ended Aug 11
|
Week ended Aug 4
|
|
|
Wind
|
5
|
7
|
7
|
7
|
7
|
|
Solar
|
4
|
4
|
4
|
4
|
4
|
|
Hydro
|
5
|
5
|
6
|
5
|
5
|
|
Other
|
2
|
2
|
2
|
2
|
2
|
|
Petroleum
|
0
|
0
|
0
|
0
|
0
|
|
Natural Gas
|
47
|
45
|
45
|
45
|
45
|
|
Coal
|
20
|
20
|
19
|
19
|
20
|
|
Nuclear
|
18
|
17
|
17
|
17
|
17
|
|
SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu)
|
|||||
|
Hub
|
Current Day
|
Prior Day
|
|||
|
Henry Hub
|
2.56
|
2.48
|
|||
|
Transco Z6 New York
|
1.43
|
1.37
|
|||
|
PG&E Citygate
|
3.38
|
4.46
|
|||
|
Eastern Gas (old Dominion South)
|
1.34
|
1.31
|
|||
|
Chicago Citygate
|
2.32
|
2.33
|
|||
|
Algonquin Citygate
|
1.47
|
1.43
|
|||
|
SoCal Citygate
|
2.85
|
6.62
|
|||
|
Waha Hub
|
2.16
|
2.21
|
|||
|
AECO
|
1.89
|
1.94
|
|||
|
SNL U.S. Power Next-Day Prices ($ per megawatt-hour)
|
|||||
|
Hub
|
Current Day
|
||||
|
New England
|
23.00
|
25.75
|
|||
|
PJM West
|
25.25
|
24.50
|
|||
|
Ercot North
|
117.25
|
150.00
|
|||
|
Mid C
|
54.50
|
69.00
|
|||
|
Palo Verde
|
38.50
|
53.00
|
|||
|
SP-15
|
40.25
|
66.50
|
Reporting by Scott DiSavino; Editing by Andy Sullivan
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