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US gas demand stalls, supply shrinks in week to Sept. 21

Naturalgas demand in the U.S. was flat during the week ended Sept. 21, while supplywas lower, the U.S. Energy Information Administration said in its latest"Natural Gas WeeklyUpdate" released Sept. 22.

TotalU.S. gas consumption during the review period was reportedly unchanged week onweek, as it averaged at 59.4 Bcf/d, according to the EIA.

Residential/commercial-sectordemand was up from 7.7 Bcf/d in the week earlier to 8.3 Bcf/d in the currentreport period. Power burn notched a 3% decrease week on week as it fell from32.6 Bcf/d to 31.7 Bcf/d, while industrial-sector consumption held constantover the same period at an average of 19.4 Bcf/d, and exports to Mexico loggeda 5% decline on the week as it slid from 3.6 Bcf/d to 3.4 Bcf/d.

Naturalgas pipeline flows to the Sabine Pass liquefaction terminal during the week inreview averaged 0.2 Bcf/d, or 82% lower than in the previous week. "Theterminal had no LNG exports last week since the last LNG-carrying vesseldeparted the facility on September 11," the EIA said.

Pipelinedeliveries notched a decline relative to the week-ago level, as the terminalprepared for a planned maintenance that would improve the performance of thewet/dry flare systems shared by Trains 1 and 2, according to the EIA."During maintenance, which is expected to last approximately four weeks,both liquefaction trains will be completely shut down. However, the terminalmay still receive nominal natural gas deliveries — 10 million cubic feet perday (MMcf/d) to 100 MMcf/d — as part of the commissioning of Train 3," theagency added.

Overallnatural gas supply deflated 1% week on week, from 78.3 Bcf/d to 77.7 Bcf/d. Dryproduction logged a 1% decrease versus the prior-week level as it faltered from72.2 Bcf/d to 71.7 Bcf/d, while net imports from Canada posted a 2% slump overthe same period as it eased from 5.9 Bcf/d to 5.8 Bcf/d, and LNG pipelinedeliveries held unchanged on the week at 0.2 Bcf/d.

Interms of inventories, the latest storage data from the EIA outlined a net52-Bcf injection tostocks for the week to Sept. 16 that extended the slower-than-normal pace ofstorage-building as compared against the 83-Bcf five-year average addition andthe 96-Bcf build seen in the corresponding week in 2015. It took total workinggas in stocks to 3,551 Bcf, or 140 Bcf above the year-ago level and 268 Bcfabove the five-year average of 3,283 Bcf.