According to Bentek Energy, July 2017 volumes of natural gas to power generation are slightly higher at 34.1 Bcf per day on average than in July 2016, which flowed at 33.7 Bcf per day. However, year-to-date volumes of gas to power generation are down 2.8 Bcf per day on average.
Along with a mild first quarter for much of the nation, which contributed to lower seasonal residential and commercial demand earlier in the year, total sector demand for natural gas is off about 3.8 Bcf per day compared to the first half of 2016. Sustained heat this summer in the east could begin to change that metric, but of course that is a wait and see.
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.