Dry gas production remains robust at an average of 85.86 billion cubic feet per day (Bcf/d), with a 0.18 Bcf/d or 1.24 Bcf week-on-week increase. Demand from the power generation sector increased by 2.34 Bcf/d in the report week. Demand from other major sectors appears to have held at the same levels as prior week.

Dry gas imports from Canada have dropped by 0.75 Bcf/d or 5.24 Bcf. We attribute this to unscheduled maintenance on the 1.6 Bcf/d Alliance Pipeline that transports natural gas from the Saskatchewan region in Canada into the Chicago market. Our analysis leads us to expect a 99 Bcf storage build for the report week of June 21. Our expectation is slightly below the current 105 Bcf consensus whisper expectation, and 30% higher than the five-year average of 72 Bcf.

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