The U.S. Energy Information Administration has recently released their natural gas monthly statistics for February 2020. In this article, we will briefly review their consumption and exports figures, then look at our estimates for February and March, and conclude with our latest forecast for May, June, and July.
February Overview
In February 2020, the aggregate demand (national consumption + exports) for natural gas in contiguous United States increased by 1.03% y-o-y to 119.93 bcf/d. Despite the fact that there were 5.8% fewer total degree days (TDDs) than there were last year, natural gas consumption in