Average dry gas production stayed above 94 billion cubic feet per day (Bcf/d) for the report week ending Nov. 15. Demand from the residential and commercial sectors reached a high of 38 Bcf/d during the report week, an increase of 9.21 Bcf/d or 64.5 Bcf compared to the prior week. LNG net exports from the U.S. also posted an average 6.89 Bcf. We expect U.S. LNG send-out levels to reach 9 Bcf by the end of 2019 with the commissioning of terminals that are under construction. 

Our analysis leads us to expect an 80 Bcf withdrawal level for this coming report week. Our expectation is 10 Bcf less than the current consensus of 90 Bcf and much higher than the 19 Bcf five-year average storage withdrawal. 

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access