GAZB - Natural Gas Market Overview: Net Supply Is Weakening LNG Exports Are Picking Up
This report covers the week ending March 20, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 730 bcf for the week ending March 20 (up 5.8% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +7.4% to +12.5%. We estimate that total demand has been above the five-year norm for 62 consecutive weeks now.
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that the number