GAZB - Natural Gas Market Overview: Dry Gas Production Is Trending Down But Very Slowly
This report covers the week ending April 24, 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 650 bcf for the week ending April 24 (down 5.9 bcf/d w-o-w (week over week) but up +13.4 bcf/d y-o-y (year over year)). The deviation from the norm would have remained positive but decreased from +20.6 bcf/d to +19.3 bcf/d.
Source: Bluegold Research estimates and calculations
In reality, however, total demand was a lot weaker.