This report covers the week ending February 21, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 860 bcf for the week ending February 21 (down 2.5% w-o-w (week over week) but up 0.4% y-o-y (year over year)). The deviation from the norm remained positive but declined from +18.9% to +15.5%. We estimate that total demand has been above the five-year norm for 58 consecutive weeks now.
This week, the weather conditions have warmed up slightly across the Lower-48 states. We estimate that the number of