This report covers the week ending September 20, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 590 bcf for the week ending September 20 (down 2.3% w-o-w and down 1.5% y-o-y). The deviation from the norm remained positive but dropped from +20.20% to +16.40%. In annualized terms, total weekly natural gas demand has declined for the first time since April 19, 2019.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down across the Lower-48 states. We estimate that the number