• Half of the nation is projected to be warmer-than-normal in the most recent 8-14 day NOAA outlook.
  • This past week, a large withdrawal from natural gas storage has flipped the surplus to a deficit.
  • Now with a natural gas storage deficit, it is important for production to remain strong into the spring.
  • The new administration has created a lot of executive orders, but no changes have been observed in the economy yet.
  • European LNG export demand will remain strong as European natural gas storage is in a deficit to the five-year average.
  • Natural gas transportation: wholesale basis remains higher than last year on cold weather and high European LNG prices.
  • Wholesale power prices follow movements in the natural gas commodity and natural gas transportation prices.