GAZB - Natural Gas Market Overview: Consumption Is Starting To Rise But Slowly
This report covers the week ending May 8, 2020.
Total Demand (if there was no coronavirus)
In the absence of a coronavirus-induced lockdown, we estimate that the aggregate demand for U.S. natural gas (consumption + exports) would have totaled around 595 bcf for the week ending May 8 (down 0.7 bcf/d w-o-w (week over week), but up +5.1 bcf/d y-o-y (year over year)). The deviation from the norm would have remained positive and increased from +11.2 bcf/d to +12.7 bcf/d.
Source: Bluegold Research estimates and calculations
In reality, however, total demand was a lot weaker.