GREY:CEQXF - Post by User
Post by
sculpin2on Apr 30, 2020 1:30pm
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Post# 30972291
Positive natural gas price outlook
Positive natural gas price outlook Natural gas macro
– encouraged by the outlook
– see 5.5 Bcfgpd lower production at YE20 vs YE19
– but sees 6 to 7 Bcfgpd of additonal near term drop in associated gas production. BINGO.
– see another 3.0 Bcfgpd lower by end of 2021.
– see undersupplied gas market by end of 2020 and through 2021
Covid Demand Impacts
– near/medium term = 2 to 3 Bcfgpd reduction (that would be Industrial and Commercial impacts)
– and then another 2 to 3 Bcfgpd of LNG impact over the summer.
That makes perfect sense to me and as previously noted, the impact to production more than offsets the impact to demand.
https://zmansenergybrain.com/2020/04/30/thursday-morning-cop-ar/comment-page-1/#comment-830511