Demand for natural gas in the Northeast was 2.1 Bcf/d higher for the week ended January 6 relative to the prior week. The region’s weekly gas demand averaged 33.1 Bcf/d, with the peak daily demand of 34.9 Bcf/d occurring on New Year’s Day. The 2.1 Bcf/d week-on-week increase in total demand was driven by a 2.2 Bcf/d week-on-week Res/Comm demand jump that coincided with cold Northeastern weather. However, forecasts call for the weather to warm considerably in the coming week. As seen in the dotted dark-purple line in the graph below, our models predict that Northeast demand will be below the 5-year minimum from Wednedsay through Saturday of this week.
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- Analyst Insight
Cold Weather Leads to Lower Northeast Natural Gas Outflows
Outflows from the Northeast declined during the week ended Tuesday as cold weather forced Northeast Res/Comm demand higher.
- Analyst Insight
In-Region Northeast Gas Demand Flat, but LNG Feedgas Returns
LNG feedgas from Cove Point returned on Sunday, but aside from that gas demand in the Northeast for the week ended October 14 was flat to the prior week.
- Analyst Insight
Northeast Gas Demand Declines Amid Outflow Restrictions
Northeast demand was down week-on-week despite the calendar approaching summer. Outflows to other regions were up very modestly, with outflows on Tennessee Gas Pipeline cappped.
