This report covers the week ending January 17, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 805 bcf for the week ending January 17 (down 2.3% w-o-w (week over week) and down 3.3% y-o-y (year over year)). The deviation from the norm turned negative - for the first time since January 11, 2019 (see the chart below).
This week, the weather conditions have warmed up slightly across the Lower-48 states. We estimate that the number of nationwide heating degree-days (HDDs) dropped by 1.5% w-o-w (from