Chris McGill Natural Gas Market Indicators

For the period July 1 through August 19, 2010, thirty-two days were recorded by Bentek Energy LLC as having 30 Bcf or more of natural gas demand attributable to power generators in order to meet cooling demand around the country. During that same period in 2009 there were only two such demand days from generators.

That is what happens when summer cooling degree data points to a season 25 percent warmer than normal. Demand from power generators and from the industrial sector is up nearly 10 percent and 8 percent, respectively, year-to-date 2010 over 2009. However, with strong supply fundamentals pricing events over the summer have been really – nonevents.

Visit this link to download the full Natural Gas Market Indicators. Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.

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