UNG - June 2019: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for March 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for April and May and conclude with our latest forecast for June, July, and August.
March Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 6.18% y-o-y in March 2019 to 104.99 bcf/d. Consumption rose by 3.93% y-o-y to 92.98 bcf/d, while exports surged by 27.57% y-o-y to 12.01 bcf/d, a new all-time high.
Natural gas consumption for