Power Burn surprising to the upsideGas Power burn showing a pretty big YoY inprovement in the Gulf Coast and SE, with both regions showing 0.5bcf+/day improvements. The SE is almost a full bcf/d higher than last year.
Coal usage is getting hammered in the last 10 days down almost 40%.
This dynamic started showing up in earnest on Valentines day. Gas burn as a percentage of thermal power generation has gone from 60% in December to 65% in Jan to around 73% right now.
South Central Salt storage is way above the 5 year and around late March-Early April things will get very interesting as that is peak storage injection. Could see some very volatile Henry Hub action as the Permian gets shut-out of storage.
Freeport is showing takeaway of around 1bcf right now, but it will be a bit before that level of liquifaction is steady.