• Warmer weather is being projected for the West but the outlook for the East is getting colder for the end of December.
  • The cold weather this past week will cause larger withdrawals and help to support prices even as the warmer weather outlook indicates lower demand and smaller withdrawals in the following week.
  • The large withdrawal this past week nearly halved the surplus of natural gas in storage which will increase upside volatility with colder weather projections.
  • European LNG export demand is rising as the European natural gas storage surplus to the five-year average has dropped.