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Natural Gas Key Market Variables


       
  1 Year   3 Years   5 Years   Max
Last update: February 20, 2019, 6:42 EST
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Description

This chart shows historical statistics on key market variables: production, imports, consumption and exports. It also displays our two-month estimate and a three-month forecast (dotted line). All figures are given in billion cubic feet per day (bcf/d).

  • Production - total amount of consumer-grade natural gas produced in the United States (dry gas production);
  • Imports - total amount of natural gas received in the Continental United States (including Alaska) from a foreign country (pipeline imports and LNG);
  • Consumption - total amount of natural gas consumed in the United States (volumes delivered to consumers as well as lease, plant, pipeline and distribution use);
  • Exports - total natural gas deliveries out of the Continental United States and Alaska to foreign countries (pipeline exports and LNG).

Historical data is available from January 2008.

The chart is interactive. You can click on any series in the legend to hide/show the data. You can also click on the chart and drag out a specific area you wish to zoom. Alternatively, use calendar filter to select a specific data range. Also, to print or download the chart, click on the "menu" button in the top right corner of the chart.

Update: every weekday + Sunday afternoon.

Source: U.S. Energy Information Administration, Bluegold Research estimates and calculations

Traders' Note

  • Production is relatively stable, but may experience unexpected disruptions such as unscheduled pipeline maintenance, explosions or extreme weather.
  • Consumption is very volatile because it is almost entirely driven by weather. Heating and cooling demand are the main drivers for the cyclical pattern. In winter, the increase of space heating for both residential and commercial use leads to the surge of demand of natural gas. During the summer, use of natural gas is much lower due to summer cooling through air-conditioning. Other factors may influence the demand of natural gas - particularly, the price of competing generation fuels sources such as coal and fuel oil. Notice that the seasonal curve of storage matches the consumption curve.
  • Total supply = production + imports. Total demand = consumption + exports. Total Balance = total supply minus total demand.
  • Net imports = imports minus exports. Net exports = exports minus imports. External Trade Balance = net imports.
  • More than 90% of imported natural gas comes from Canada;
  • Exports are more diversified: Canada (20%); Mexico (40%); LNG (30%). The share of LNG exports is projected to increase in the long-term. 
  • Among all key variables, only consumption variable is very volatile, while other variables are relatively fixed (at least, in the short-term).

Related charts: External Trade Balance; Total Balance.

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