SUNDAY #NATGAS FUNDAMENTALS
· Sunday’s 12z weather models are mixed vs Friday’s 12z results.
· GFS is bullish (+6 bcf).
· ECMWF is slightly bearish (-3 bcf).
· In absolute terms: Over the next 16 days (inc. today), GFS projects consumption to average 77.0 bcf/d (substantially above the norm). Over the next 15 days (inc. today), ECMWF projects consumption to average 76.4 bcf/d (above the norm).
· Dry gas production is currently estimated at 111.1 bcf/d (+0.2 bcf/d from Friday).
· LNG feedgas flows are currently estimated at 17.2 bcf/d (+0.4 bcf/d from Friday).
· The net impact on my near-term storage level outlook is neutral. Therefore, my storage level outlook will remain relatively unchanged.
· On Friday, HH spot VWAP was $2.750 per MMBtu.
🚨 En China convirtieron la lluvia en aire acondicionado.
Un complejo residencial en Shanxi instaló niebla en los tejados que baja la temperatura hasta 8°C en minutos.
Enfrían un edificio entero con agua pulverizada, sin gastar nada en climatización.
Fuente: @SpoxCHN_MaoNing