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MLPG - Natural Gas Market Overview: Net Supply To Drop Below Last Year's Level By Mid-March
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This report covers the week ending March 6, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 748 bcf for the week ending March 6 (down 10.0% w-o-w (week over week) and down as much as 16.3% y-o-y (year over year)). The deviation from the norm remained positive but plunged from +19.0% to +0.2%. We estimate that total demand has been above the five-year norm for 60 consecutive weeks now.
This week, the weather conditions have warmed up significantly across the Lower-48 states. We estimate that