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April 2019: Natural Gas Demand Overview And Forecast

April 12, 2019  

The U.S. Energy Information Administration has recently released their natural gas monthly statistics for January 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for February and March and conclude with our forecast for April, May, and June.

January Overview

Aggregate demand (national consumption + exports) for American natural gas increased by 3.82% y-o-y in January 2019 to 120.95 bcf/d. Consumption rose by 2.31% y-o-y to 109.25 bcf/d, while exports surged by 20.52% y-o-y to 11.70 bcf/d, setting a new monthly record.

Natural gas consumption for January was the highest level for any month since 2001, when EIA began using the current definitions for consuming sectors. Year-over-year total consumption of dry natural gas in January 2019 increased in three of the four consuming sectors. Deliveries of natural gas by consuming sector in January 2019 were:

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