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US gas demand unwinds, supply remains constant to end September

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US gas demand unwinds, supply remains constant to end September

Naturalgas demand in the United States slumped amid weaker power burn during the weekended Sept. 28, as supply remained flat and production remained stalled, theU.S. Energy Information Administration said in its latest "" releasedSept. 29.

OverallU.S. gas consumption fell from 59.5 Bcf/d in the previous week to 58.4 Bcf/d inthe current report period to reflect a 2% decline week on week, driven bydiminished power-sector demand for natural gas.

Powerburn logged an 8% decrease versus the week-ago level as it slid from 31.8 Bcf/dto 29.3 Bcf/d, but remained 11% above the prior-year average of 26.4 Bcf/dprimarily on the back of new natural gas-fired generation, the EIA said.Industrial-sector demand was up 1% week on week as it rose from 19.4 Bcf/d to19.6 Bcf/d, while residential/commercial-sector consumption was 14% higher overthe same period as it jumped from 8.3 Bcf/d to 9.5 Bcf/d — with portions of theNortheast and Rockies having temperatures as low as 40 degrees Fahrenheit attimes during the report week.

Exportsto Mexico increased 1% week over week, from 3.4 Bcf/d to 3.5 Bcf/d.

Nonatural gas pipeline flows to the Sabine Pass liquefaction terminal wererecorded during the week in review, as the facility began planned maintenanceof Trains 1 and 2 on Sept. 20. "Both liquefaction trains will becompletely shut down during maintenance, which is expected to lastapproximately four weeks," the EIA said.

Totalnatural gas supply was unchanged week on week as it averaged 77.7 Bcf/d. Dryproduction was flat versus the prior-week level at an average of 71.5 Bcf/d,while net imports from Canada were up 4% over the same period as it grew from5.8 Bcf/d to 6.0 Bcf/d. LNG pipeline deliveries during the review week averaged0.3 Bcf/d.

Interms of inventories, the latest storage data from the EIA outlined a net49-Bcf addition tostocks for the week to Sept. 23 that extended the slower-than-normal pace ofstorage-building, as it compared against the 97-Bcf five-year average build andthe 99-Bcf injection seen in the corresponding week in 2015. It took totalworking gas stocks to 3,600 Bcf, or 90 Bcf above the year-ago level and 220 Bcfabove the five-year average of 3,380 Bcf.