The first three months of the 2016-17 winter heating season have been warmer than normal in aggregate for every region of the country. However, a recent peak day volume was nearly as high as the peak day from the first quarter 2014 polar vortex. Gas demand has been growing too, particularly as a result of institutional changes in demand from a recovering industrial sector, a power sector with an insatiable appetite for incremental gas generation.
After beginning the winter heating season with the largest fill in history, underground storage volumes are now 0.7 percent below the five-year average as lower temperatures and new structural demand in the form of natural gas power generation, firm industrial demand, seasonal heating loads and exports have facilitated triple-digit net withdrawals six of the past seven weeks.
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.