Thursday, September 5, 2013

EIA Weekly Natural Gas Supply/Demand Report

From the EIA:
...Falling power sector demand for natural gas resulted in a total gas consumption decrease of 0.8% compared with the previous report week. Consumption of natural gas for power generation (power burn) decreased 1.3% from the previous week, according to Bentek Energy data. The Midwest region registered a week-over-week decline of 34.3%. This more than offset increases in power burn in the Rockies, Southwest and Southeast. Residential and commercial consumption increased 1.3%, and industrial consumption increased 0.2%. U.S. pipeline exports to Mexico fell 12.3% but are still 4.1% higher than this week last year.

Gas supply increased slightly during the report week. Total supply increased by 0.6% over the previous week. Dry gas production and imports from Canada rose week-on-week, by 0.4% and 1.1%, respectively. Imports from Canada increased in the Midwest and Northeast, but decreased in the West. Imports of LNG also increased over the report week, but continue to be a small contributor to total U.S. natural gas supply....MORE
This week's close-to-average net injection occurred despite modestly higher-than-normal temperatures during the storage report week. Temperatures in the Lower 48 states averaged 3.1 degrees warmer than the 30-year normal temperature and 1.0 degree warmer than the same period last year, and averaged 75.4 degrees for the week, compared to the 30-year normal of 72.3 degrees and 74.4 degrees last year.