Natural Gas Supply & Demand per EIA

dan_s · Post by **dan_s** » Wed Apr 18, 2018 9:17 am

EIA's latest forecast for ngas supply and demand: https://www.eia.gov/todayinenergy/detail.php?id=35792#

Keep in mind that reports like this are pure Wild Ass Guesses ("WAG") by our government agency. They have been telling us for over a year that a big surge in supply is coming that will overwhelm demand. So far, it has not shown up in the weekly natural gas storage reports. The past winter (still in progress) has been slightly colder than normal and has lasted longer, but that is only part of the reason that storage will be ~800 Bcf below where it was last year on April 30. Industrial demand, exports and power generation demand have really picked up.