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US gas demand, residential gas use ease amid mild weather

Natural gas demand in the U.S. decreased slightly in the week ended June 13, the U.S. Energy Information Administration said in its June 14 "Natural Gas Weekly Update."

Total U.S. consumption of natural gas slipped by 1% compared with the previous report week, according to the EIA, citing PointLogic Energy data. Residential and commercial gas consumption decreased by 4% compared with the previous report, with similar-to-warmer temperatures in the Northeast. Gas consumption for power generation remained flat week over week, while industrial-sector consumption decreased by 1%.

In the review period, gas exports to Mexico averaged 4.4 Bcf/d, which was the average for the last two weeks. LNG export pipeline receipts for the week increased by 200 MMcf/d, averaging 2.9 Bcf/d, the EIA said.

Four LNG vessels, with a combined carrying capacity of 14.6 Bcf, left the U.S. between June 7 and June 13. All of the tankers left from Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana. Corpus Christi Liquefaction LLC on June 7 requested that the Federal Energy Regulatory Commission grant permission to introduce gas to commission the Corpus Christi LNG export facility's first liquefaction train.

U.S. gas supply remained steady week over week, averaging 85.4 Bcf/d. Average net imports from Canada fell by about 100 MMcf/d from the previous week, averaging 5.6 Bcf/d from June 7 to June 13.

Net storage injections for the week ended June 8 at 96 Bcf, which was higher than the 82 Bcf in the corresponding week in 2017. Working gas stocks totaled 1,913 Bcf, a level about 507 Bcf below the five-year average and 785 Bcf below the same period in 2017.