GAZB - August 2019: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for May 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for June and July, and conclude with our latest forecast for August, September, and October.
May Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 6.70% y-o-y in May 2019 to 79.78 bcf/d. Consumption edged up by only 2.90% y-o-y to 67.94 bcf/d due to cooler weather. However, exports surged by as much as 35.0% y-o-y to 11.85