This report covers the week ending January 24, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 920 bcf for the week ending January 24 (up 14.2% w-o-w (week over week) and up 2.4% y-o-y (year over year)). The deviation from the norm remained positive actually jumped sharply from +0.1% to +23.2%. We estimate that total demand has been above the five-year norm for 54 consecutive weeks now.
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that the number