EFTA Document EFTA01385330

3 January 2018 HY Corporate Credit HY Multi Sector,Media, Cable & Satellite Looking at EIA's S/D model, net supply growth YoY is expected to be 5.20 Bcf/d - this factors in 0.31 Bcf/d YoY reduction in pipeline imports from Canada and minor additions to inventory of 0.17 Bcf/d (vs. 0.47 Bcf/d withdrawals in 2017E). On the demand side, exports is expected to lead the charge, with a YoY growth of 1.65 Bcf/d. LNG export growth momentum is expected to continue (+1.09 Bcf/d or +56% YoY) as new