This report covers the week ending March 20, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 730 bcf for the week ending March 20 (up 5.8% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +7.4% to +12.5%. We estimate that total demand has been above the five-year norm for 62 consecutive weeks now.
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that the number