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May 2019: Natural Gas Demand Overview And Forecast

May 9, 2019  

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

February Overview

Aggregate demand (national consumption + exports) for American natural gas increased by 12.54% y-o-y in February 2019 to 119.66 bcf/d. Consumption jumped by 10.52% y-o-y to 106.60 bcf/d, while exports surged by 32.31% y-o-y to 13.05 bcf/d, just 0.01 bcf/d short of an all-time high.

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

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