This report covers the week ending January 10, 2020.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 816 bcf for the week ending January 10 (up 4.9% w-o-w (week over week) and up 6.0% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +2% to +6% (see the chart below). We estimate that total demand has been above the five-year norm for 52 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down