- In this article, I review EIA consumption and export figures, look at my estimates for October and November, and conclude with my latest forecast for December, January, and February.
- On a 12-month average basis, natural gas exports now equate to around 17.61% of total demand - a new all-time record.
- After declining by 2.93% y-o-y in September, I estimate that total natural gas consumption then dropped by 5.79% y-o-y in October and surged by 9.40% y-o-y in November.
- I currently expect total supply (production + imports) in the contiguous United States to average 106.32 bcf/d over the next three months (December-January-February), +7.63 bcf/d y-o-y.
- The annual storage deficit is currently projected to expand by 25 Bcf by January 14. The storage surplus vs. the five-year average is projected to shrink by 82 Bcf over the same period.
For further details see:
December 2021: Natural Gas Supply-Demand Balance Overview And Forecast