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MLPG - December 2019: Natural Gas Supply-Demand Balance Overview And Forecast
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The U.S. Energy Information Administration has recently released their natural gas monthly statistics for September 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for October and November, and conclude with our latest forecast for December, January, and February.
September Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 6.40% y-o-y in September 2019 to 87.01 bcf/d. Consumption rose by almost 3.00% y-o-y to 73.85 bcf/d - primarily due to warmer than normal weather conditions. Exports surged by as much as 30.83%