GAZB - Natural Gas Market Overview: Total Feedgas Deliveries To U.S. LNG Export Facilities Reach A New All-Time High
This report covers the week ending December 20, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 895 bcf for the week ending December 20 (up 10.3% w-o-w (week over week) and up as much as 22.2% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +16% to +31% (see the chart below). We estimate that total demand has been above the five-year norm for 49 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions