GAZB - October 2019: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for July 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for August and September, and conclude with our latest forecast for October, November, and December.
July Overview
Aggregate demand (national consumption + exports) for American natural gas increased by 4.93% y-o-y in July 2019 to 89.56 bcf/d. Consumption edged up by only 1.94% y-o-y to 76.95 bcf/d due to cooler weather. However, exports surged by as much as 27.81% y-o-y to 12.61