Even though polar vortex-like records have not been set this year for natural gas demand on the few cold days that have occurred, gas consumption in the residential sector swung from 62 Bcf on February 13 to only 39 Bcf just three days later. Managing loads for temperature-sensitive customers is what local gas utilities do and the challenge remains the same whether temperatures trend below freezing or if conditions prove warmer than normal, as has been the case this winter heating season.
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.
Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.