Tuesday, November 22, 2016

Natural Gas Demand Trends

Reviewing the EIA Natural Gas Monthly Demand Report, a few observations:

  • Industrial Demand showed additional weather-adjusted demand in August, a long awaited source of incremental demand that should continue the uptrend.

  • Despite similar levels of dry gas production to Aug of last year, Lease and Plant Fuel was below '15 by 0.09 BCFD, a reversal of a half year trend.

  • Record electric power demand, which is already widely acknowledged.  it was up 4.1 BCFD over Aug 2015.

  • The curious decrease in richness seen in May-July was reversed, and BTU content rebounded by 3 BTUs/MCF.