The calendar is moving closer to summer, but the Northeast gas market has still not quite shaken the shoulder season. Demand within the region was 15.9 Bcf/d during the week ended May 26 which is 0.6 Bcf/d lower than the prior week. Most of the decline came from a 0.4 Bcf/d drop in gas-for-power demand, but Res/Comm demand also fell by 0.1 Bcf/d as did industrial demand. Net outflows from the Northeast to other regions ticked up by only 0.1 Bcf/d relative to the previous week.
Source: RBN NATGAS Appalachia, Wood Mackenzie
While there was a miniscule week-on-week increase in total net outflows from the Northeast there was a decrease in outflows specifically on Tennessee Gas Pipeline due to a constraint. As seen in the graph above, outflows on Tennessee toward the Gulf have been capped near 1.8 Bcf/d following the start of scheduled maintenance on May 19 (outflows averaged 2.4 Bcf/d prior to this). The maintenance event is scheduled to end on Saturday.
