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Essential Energy Insights - October 2021


US gas consumption rises by 2% as most sectors report higher use

U.S. natural gas consumption increased by 2% during the week ended Oct. 23, following higher demand in the power and residential and commercial sectors, according to data from the U.S. Energy Information Administration's "Natural Gas Weekly Update" released Oct. 24.

During the review week, gas use averaged 64.4 Bcf/d, up from the 63.1 Bcf/d seen a week ago. Providing a boost was the power sector, which saw demand average 30.6 Bcf/d for the week, up from the 29.9 Bcf/d noted in the week prior. Residential and commercial demand also rose with 13.3 Bcf/d posted during the period, compared to the previous week's average of 12.6 Bcf/d. On the other hand, gas consumption in the industrial sector nudged slightly lower with 20.4 Bcf/d reported during the week, down from the 20.6 Bcf/d seen last week.

Total U.S. demand, which includes Mexico exports, pipeline fuel use or losses, and LNG pipeline receipts, rose to 82.9 Bcf/d, from 81.4 Bcf/d a week ago.

The EIA, citing shipping data compiled by Bloomberg, said 11 LNG vessels with a capacity of 41 Bcf left the U.S between Oct. 17 and Oct 23. A week ago, 10 LNG vessels with a capacity of 35 Bcf left the country between Oct. 10 and Oct. 16.

Of the 11 vessels, seven came from Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana, two from Cheniere's Corpus Christi terminal in Texas, one from Dominion Energy Inc.'s Cove Point LNG facility in Maryland and one from the Cameron LNG LLC export terminal, which is also in Louisiana.

Total gas supply during the week ended Oct. 23 averaged 99.0 Bcf/d, up from 98.5 Bcf/d a week ago. Marketed and dry production averaged 107.5 Bcf/d and 94.8 Bcf/d, respectively, up from the prior-week averages of 106.8 Bcf/d and 94.2 Bcf/d. Conversely, average imports from Canada decreased to 4.1 Bcf/d, from the 4.2 Bcf/d seen in the week prior.

For the week ended Oct. 18, net injections into storage came in at 87 Bcf, up from the five-year average of 73 Bcf and above the 62 Bcf build seen during the same period a year ago. Working gas stocks totaled 3,606 Bcf, up 28 Bcf from the five-year average and 519 Bcf higher than the same week last year.