- In this article, I review EIA consumption and export figures, look at my estimates for September and October, and conclude with my latest forecast for November, December, and January.
- On a 12-month average basis, natural gas exports now equate to around 17.26% of total demand - a new all-time record.
- After rising by 0.19% y-o-y in August, I estimate that total natural gas consumption then declined by 2.34% y-o-y in September and plunged by 6.85% y-o-y in October.
- I currently expect total supply (production + imports) in the contiguous United States to average 104.48 bcf/d over the next three months (November-December-January), +4.79 bcf/d y-o-y.
- Currently, I project a minor supply-demand deficit in November and in January and a moderate surplus in December (vs. 2020-2021).
For further details see:
November 2021: Natural Gas Supply-Demand Balance Overview And Forecast