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.
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- Analyst Insight
Northeast Gas Demand Down as Summer Starts
Northeast gas demand declined week-on-week despite the start of summer, leading to low cash basis over the Juneteenth weekend.
- Analyst Insight
Northeast Gas Demand Started New Year with a Bang
Natural gas demand was high over the New Year in the Northeast, but has since fallen and is expected to be low through the weekend.
- Analyst Insight
Northeast Gas Demand Down as Prices Slump
Northeast natural gas prices were very low last week, as demand slumped lower. However, LNG feedgas from the region has now returned which to provide more demand as fall weather gets chillier.
