This report covers the week ending December 13, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 804 bcf for the week ending December 13 (down 1.3% w-o-w (week over week), but up 0.3% y-o-y (year over year)). The deviation from the norm remained positive, but declined from +23% to +15% (see the chart below). We estimate that total demand has been above the five-year norm for 48 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down across