Bloomberg scrapes imply gas field production was 550 million cubic feet per day (MMcf/d) lower for report week ended Dec. 13 compared to the prior week, but imports from Canada increased by 0.72 billion cubic feet (Bcf) while Mexico exports also increased by 0.54 Bcf. Demand also rose marginally in residential, commercial, power generation and industrial sector. LNG demand remains robust. 

Our analysis leads us to expect a 90 Bcf withdrawal level for this coming report week. Our expectation is 3 Bcf higher than the current consensus of 87 Bcf and almost 60% of the 155 Bcf five-year average storage withdrawal. 

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