GAZB - Natural Gas Market Overview: LNG Feed Gas Flows Set A New All-Time High
This report covers the week ending October 18, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 586 bcf for the week ending October 18 (up 3.5% w-o-w (week over week) but down 0.2% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +15.0% to +18.0%. We estimate that total demand has remained above the 5-year norm for 40 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48