GAZB - March 2020: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for December 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for January and February, and conclude with our latest forecast for March, April and May.
December Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 7.84% y-o-y in December 2019 to 116.76 bcf/d. Despite the fact that there were 2.3% fewer total degree days (TDDs) than there were last year, natural gas consumption increased by 4.86% y-o-y to