Natural Gas Demand - Here it comes!
Posted: Sat Jul 01, 2017 2:47 pm
In 2016, natural gas demand just for electrical power generation:
> First week of May = ~23 Bcfpd
> Last week of May = ~25 Bcfpd
> Last week of June = ~34 Bcfpd
> Last week of July = ~40 Bcfpd
For the week ending June 23, 2017 natural gas in U.S. storage increased 46 Bcf (~6.6 Bcfpd) < VERY MILD weather in the U.S. during this week.
Keep in mind that natural gas exports to Mexico and as LNG are also going up in Q3.
Now you know why I think we have a good chance of seeing draws from natural gas storage late in July and early August.
> First week of May = ~23 Bcfpd
> Last week of May = ~25 Bcfpd
> Last week of June = ~34 Bcfpd
> Last week of July = ~40 Bcfpd
For the week ending June 23, 2017 natural gas in U.S. storage increased 46 Bcf (~6.6 Bcfpd) < VERY MILD weather in the U.S. during this week.
Keep in mind that natural gas exports to Mexico and as LNG are also going up in Q3.
Now you know why I think we have a good chance of seeing draws from natural gas storage late in July and early August.