September production is running among the highest monthly volumes ever for the lower-48. With the balance of Canadian and liquid natural gas (LNG) imports, total U.S. supply is up 1.8 Bcf per day this September over last year. Demand is up as well, but to a more modest degree. Higher exports have been offset by lower power burn.
Both supply and demand are poised to move into record territory as new infrastructure projects bring new supplies to new markets. Pipeline projects in Appalachia will continue to unlock constrained gas flows. Cove Point is likely to begin taking gas later this year. Amid this renewed strength in the market, supplies are robust and pricing remains low and relatively stable—a good sign for consumers as we head into the winter months.
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.