GAZB - November 2020: Natural Gas Supply-Demand Balance Overview And Forecast

• The year-over-year average daily rate of consumption of dry natural gas in August 2020 decreased in three of the four consuming sectors.
• Residential deliveries were the highest for the month since 2011. Commercial deliveries were the lowest for the month since 2010. Industrial deliveries were the lowest for the month since 2017.
• Electric power deliveries were the second highest for the month since EIA began using the current definitions for consuming sectors in 2001.
• Over the next three months, total supply will be declining faster than total demand (on an annualized basis) ensuring that total supply-demand balance will be tighter relative to 2019.
• Annual storage "surplus" is currently projected to shrink by 11 bcf by December 11. Storage "surplus" vs. 5-year average is projected to shrink by -32 bcf over the same period.

For further details see: