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Natural Gas Market Overview: Total Feedgas Deliveries To U.S. LNG Export Facilities Reach A New All-Time High

December 20, 2019  

This report covers the week ending December 20, 2019.

Total Demand

We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 895 bcf for the week ending December 20 (up 10.3% w-o-w (week over week) and up as much as 22.2% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +16% to +31% (see the chart below). We estimate that total demand has been above the five-year norm for 49 consecutive weeks now.

This week, the weather conditions have cooled down considerably across the Lower-48 states. We estimate that the number of nationwide heating degree-days (HDDs) jumped by 21.0% w-o-w (from 162 to 196). Total energy demand (measured in total degree-days - TDDs) should be as much as 33.9% above last year's level, but only 4.7% above the norm.

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