Friday, August 3, 2012

EIA Natural Gas Weekly Update: YoY Production Up, WoW Down

From the Energy Information Administration:
Total consumption for the report week registered an overall decrease, with slightly higher industrial sector demand being offset by decreases in other sectors. According to estimates from Bentek, domestic natural gas consumption declined by 2 percent from last week, driven by decreases in power, residential, and commercial demand. Industrial sector consumption increased slightly by 0.3 percent.

Total supply for the week was essentially unchanged, and registered a slight decrease of 0.3 percent, reflecting the drop in dry gas production. According to Bentek estimates, domestic weekly dry gas production was 0.1 percent lower than the previous week (although 3.2 percent above the same time last
year). Imports from Canada decreased by 1.9 percent.
Liquefied natural gas (LNG) sendout dropped sharply, down 10.7 percent from last week; sendout volumes
remain well below (39 percent) year-ago levels....
...MORE (3 page PDF)