GAZB - April 2020: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for January 2020. In this article, we will briefly review their consumption and exports figures, then look at our estimates for February and March, and conclude with our latest forecast for April, May, and June.
January Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 0.81% y-o-y in January 2020 to 122.42 bcf/d. Despite the fact that there were 16% fewer total degree days (TDDs) than there were last year, natural gas consumption in five key sectors (in