This report covers the week ending September 27, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 580 bcf for the week ending September 27 (down 2.4% w-o-w (week over week) but up 4.4% y-o-y (year over year)). The deviation from the norm remained positive but edged down from +17.00% to +15.90%. We estimate that total demand has remained above 5-year norm for 37 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down across the Lower-48 states, but