Title : US Natural Gas Exports Hit An All-Time High -- HFIR Energy -- February 27, 2018
link : US Natural Gas Exports Hit An All-Time High -- HFIR Energy -- February 27, 2018
US Natural Gas Exports Hit An All-Time High -- HFIR Energy -- February 27, 2018
The weekly natural gas data will be released tomorrow or Thursday; I believe Thrusday. I forget. The weekly petroleum report comes out on Wednesdays, but I think the natural gas data comes out on Thursday. Whatever.Over at SeekingAlpha in a report dated today, February 27, 2018
- we expect a -84 Bcf change in the storage report for the week ended February 23, 2018
- a storage report of -84 Bcf would be compared to -7 Bcf last year and -118 Bcf for the five-year average
- LNG exports hit an all-time high yesterday
- but LNG demand won't increase from this level until 2019
- the elephant in the room for the rest of 2018 will still be just how fast lower 48 production grows
After a month of delay, Cove Point LNG is kicking into high gear. Yesterday's reading had US LNG exports coming in at ~4 Bcf/d, the highest in history. Total US gas exports, as a result, pushed passed 8 Bcf/d marking a milestone.And these milestones are not subtle. Look at these two graphs:
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