My current withdrawal forecast for the week ending 30-Jan is 414 Bcf. The largest EIA-reported withdrawal, for any week back to 2010, was 359 Bcf in Jan of 2018. Heating degree days for this period are among the top 5 in nearly 80 years.
System operators are already preparing for the extreme cold conditions, issuing Critical Notices. Actions include curtailing deliveries to power plants in order to alleviate supply disruptions for Residential/Commercial heating demand.
We also see curtailed LNG exports during events like this, for a number of reasons. Freeze-offs, for one, cut supply from Permian to the Gulf.
Fundamentals for the week, before the full effect of freeze-offs and some offsetting demand curtailments, point to a Lower 48 draw of more than 400 Bcf.
One way to manage physical withdrawal limitations is to pack up pipelines ahead of the cold event. So this next storage week ending 23-Jan may come in a little larger than demand models alone call for. And that can ease what might otherwise be needed for the week of 30-Jan.
Still, the way I see it, week ending 30-Jan will be a new record large draw. That's what my S/D is calling for, anyway. #NaturalGas #NatGas #GasStorage @EIAgov
This is one of the weakest rewards I’ve ever seen. Come buy a full priced item on your birthday, then every additional purchase made on that day earns 3x points. How many people go to a restaurant twice in the same day? @dunkindonuts#dunkin#dunkindonuts
@MrF2rev The 12/22 weekly candle after the F2D opened above the trigger and didn’t give a clear actionable signal on 12/22. Did you wait to enter on the 2-2 daily continuation on 12/23?
@ksdotlewis While likely difficult for anyone in this thread to understand, you should be thanking Georgia Power for keeping the per kWh cost lower than most of the US.
https://t.co/8tERbDxxIG