Richard Meyer Natural Gas Market Indicators: July 31, 2013

Let’s review some mid-summer natural gas market statistics. Volumes of natural gas to power generators hit a current season peak of 34.7 Bcf per day on July 17 and 18, and averaged 29.1 Bcf per day for the month. That is a solid seasonal average; however, year-to-date volumes of natural gas to power generation still trail that of 2012 by 14.4 percent after averaging 35 Bcf per day at this time last year.

Underground storage inventories are making up the gap compared to 2012, with respect to working gas, to the point where the current inventory trails the five-year average by only 1.6 percent and lags behind last year’s inventory by 12.5 percent. Residential and commercial demand is up from 2012, and year-to-date industrial demand is up 2.2 percent with most of the gain in manufacturing sectors like pulp and paper production, petroleum refining, primary metals, chemical manufacturing and allied products. Nearly matching new demand is increased domestic dry production, which is 1.7 percent higher year-to-date.

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 or Richard Meyer at

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