GAZB - August 2020: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for May 2020. 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 natural gas demand (consumption + exports) in contiguous United States decreased by 1.0% y-o-y from 2,486.5 bcf (or 80.21 bcf/d) in May 2019 to 2,461.4 bcf (or 79.40 bcf/d) in May 2020. Total natural gas consumption fell by 2.43% despite the fact that total