• Today, the EIA announced an injection into storage of 29 Bcf, 17 Bcf below the five-year average but 6 Bcf higher than expectations. The storage news along with the hotter-than-normal weather expectations for a larger portion of the U.S. extends the end of summer.
  • News has arrived that Australian LNG Union Workers have authorized a strike which caused European LNG prices to react defensively, and gain roughly $3/MMBtu and basis to gain $0.15/MMBtu. While the strike hasn't occurred yet, the September natural gas contract is down $0.17/MMBtu.