Natural Gas Market Indicators: March 30, 2016Will the natural gas bulls return? Domestic production hums along in record territory for the first quarter of the year; underground storage inventories were 51 percent above the five-year average in mid-March; and, imports from Canada and LNG remain low, but offer additional supply flexibility.
With that said, U.S. demand is down 8 percent year over year, despite gas to power showing a strong 7 percent gain above last year and new demand for LNG and Mexico pipeline exports. So could the bulls return? They might, but the supply overhang must be overcome first.
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.
