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US natural gas demand, supply decline to start October

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US natural gas demand, supply decline to start October

Naturalgas demand and supply in the United States were lower during the week endedOct. 5, as reduced power burn combined with diminished production, the U.S.Energy Information Administration said in its latest "" releasedon Oct. 6.

TotalU.S. gas consumption deflated from 58.4 Bcf/d in the prior week to 56.0 Bcf/din the current report period to reflect a 4% slump week on week, reportedlydriven by a 14% decline in power-sector gas demand that is equivalent to a dropin average from 29.3 Bcf/d to 25.3 Bcf/d over the same period.

Industrial-sectorconsumption notched a 1% gain versus the week-ago level as it rose from 19.6Bcf/d to 19.7 Bcf/d, while residential/commercial-sector demand expanded from9.5 Bcf/d to 11.0 Bcf/d over the same period to log a 16% increase attributedto the onset of the heating season in some locations. Exports to Mexico weredown 4% week over week, from 3.5 Bcf/d to 3.3 Bcf/d.

Therewere no pipeline deliveries to the Sabine Pass liquefaction terminal during theweek in review, as the facility completed the second week of the scheduledfour-week maintenance of Trains 1 and 2.

OverallU.S. gas supply eased by 1% week on week, from 77.7 Bcf/d to 76.8 Bcf/d. Dry productionposted a 2% decrease from the week-ago level as it slid from 71.5 Bcf/d to 70.4Bcf/d, while net imports from Canada notched a 2% uptick week over week as itrose from 6.0 Bcf/d to 6.1 Bcf/d. LNG pipeline deliveries averaged 0.3 Bcf/dduring the report week.

Interms of inventories, the latest storage data from the EIA outlined a net80-Bcf injection tostocks for the week to Sept. 30 that compared against the 95-Bcf five-yearaverage addition and the 96-Bcf build seen in the corresponding week in 2015.It took total working gas in stocks to 3,680 Bcf, or 74 Bcf above the year-agolevel and 205 Bcf above the five-year average of 3,475 Bcf.

Thereported storage build is the second largest net injection of the 2016 refillseason, just behind the 82-Bcf addition to stocks outlined for the week endedMay 27. "The 2016 refill season remains on pace to be the only refillseason, aside from 2012, not to post a single week that exceeds 100 Bcf — athreshold typically exceeded at least two times during the refill season,"the EIA said.