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
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 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.
