GAZB - Natural Gas Market Overview: Annual Storage 'Surplus' To Continue Shrinking
This report covers the week ending May 29, 2020.
Total Demand
We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 555 bcf for the week ending May 29 (mostly flat w-o-w (week over week) and mostly unchanged y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +7.5 bcf/d to +8.8 bcf/d.
Source: Bluegold Research estimates and calculations
According to the continuous emissions monitoring systems (CEMS), natural gas consumption in the electric power sector is slightly above last year's level. Industrial consumption has dropped