This report covers the week ending December 6, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 803 bcf for the week ending December 6 (up 8.8% w-o-w (week over week) and up 3.1% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +17% to +21% (see the chart below). We estimate that total demand has been above the five-year norm for 47 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down