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MLPG - Natural Gas Market Overview: Supply-Demand Balance To Tighten Sharply Next Week
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This report covers the week ending October 25, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 595 bcf for the week ending October 25 (up 0.7% w-o-w (week over week) but down 1.2% y-o-y (year over year)). The deviation from the norm remained positive but declined from +18.8% to +15.8%. We estimate that total demand has remained above the 5-year norm for 41 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have warmed up slightly across the Lower-48 states.