Average dry gas production increased week-over-week and reached about 91 billion cubic feet per day (Bcf/d) for the report week ending Aug. 2. Demand from power generation rose 2.2 Bcf/d from the previous week. The average demand for power generation for the report week was 41.10 Bcf/d. LNG net exports from U.S. were at 5.93 Bcf/d during the report week. Imports from Canada increased by 0.13 Bcf/d while exports to Mexico declined 0.04 Bcf/d to average 5.31 Bcf/d. 

Our analysis leads us to expect a 60 Bcf injection level for the report week. Our expectation is closely aligned to the current consensus of 59 Bcf and 5 Bcf more than the 55 Bcf five-year average storage build. 

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