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US Demand to Ease with Cooler Forecast

NATGAS

Lower temperatures in the US are expected to ease the power sector consumption for natural gas due to cooling demand.

  • US Natgas SEP 22 up 1% at 7.66$/mmbtu
  • Much of the US is forecast to see temperature cooling over the coming two weeks, especially on the East Coast. Today’s lower 48 demand is expected to be approximately 73.7bcf/d and still well above the average of 69bcf for this time of year.
  • Dry gas production last week averaged the highest on record at 98.5bcf.
  • Exports remain steady with supply to Mexico at 6.7bcf and deliveries to LNG export terminals at 11.0bcf/d.

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Lower temperatures in the US are expected to ease the power sector consumption for natural gas due to cooling demand.

  • US Natgas SEP 22 up 1% at 7.66$/mmbtu
  • Much of the US is forecast to see temperature cooling over the coming two weeks, especially on the East Coast. Today’s lower 48 demand is expected to be approximately 73.7bcf/d and still well above the average of 69bcf for this time of year.
  • Dry gas production last week averaged the highest on record at 98.5bcf.
  • Exports remain steady with supply to Mexico at 6.7bcf and deliveries to LNG export terminals at 11.0bcf/d.