This report covers the week ending August 9, 2019.
Total Demand
We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 640 bcf for the week ending August 9 (up 0.9% w-o-w and up 4.5% y-o-y). The deviation from the norm remained positive and increased from +18.60% to +21.20%. We calculate that total natural gas demand in the U.S. has been expanding in annual terms for 16 consecutive weeks now (see the chart below).
Source: Bluegold Research estimates and calculations
This week, the weather conditions have warmed up slightly across the