This report covers the week ending February 14, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 871 bcf for the week ending February 14 (up 3.3% w-o-w (week over week) and up 2.9% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +12.50% to +17.40%. We estimate that total demand has been above the five-year norm for 57 consecutive weeks now.
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that the number