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EIA: Heat boosts US gas demand as power sector consumption hits 37.5 Bcf/d


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EIA: Heat boosts US gas demand as power sector consumption hits 37.5 Bcf/d

Hot temperatures and higher power demand drove U.S. natural gas consumption higher in the week that ended Aug. 8, the U.S. Energy Information Administration said in its Aug. 9 "Natural Gas Weekly Update."

Total U.S. gas consumption increased to 79.4 Bcf/d for the week compared with 78.6 Bcf/d the previous week, the EIA reported, largely thanks to power demand. Gas consumption for power generation rose by 6% compared to the previous report week due to warming temperatures across the United States. Gas demand from power generation hit 37.5 Bcf/d for the week, compared to 35.4 Bcf/d the previous week.

Residential and commercial gas consumption fell 14% compared to the previous week, but still remains a minor source of consumption over the summer, while industrial gas consumption stayed relatively flat week-over-week, averaging 19.8 Bcf/d compared to last week's 19.9 Bcf/d average.

Five LNG vessels with a combined carrying capacity of 18.0 Bcf left the U.S. from Aug. 2 through Aug. 8. Four of the tankers left from Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana, while the other one left from Dominion Energy Inc.'s Cove Point in Maryland. Two LNG tankers with a carrying capacity of 7.1 Bcf were loading Aug. 8, one at Sabine Pass and the other at Cove Point. Average daily pipeline deliveries to LNG export terminals for the week fell by about 200 MMcf/d, after averaging 3.3 Bcf/d, according to the EIA.

U.S. gas supply increased for the week, averaging 87.1 Bcf/d compared to 86.7 Bcf/d in the previous week. Average net imports from Canada remained consistent compared to the previous week, averaging 5.6 Bcf/d from Aug. 2 to Aug. 8.

Net storage injections for the week ending Aug. 3 totaled 46 Bcf, which was higher than the 29 Bcf of net injections in the same week last year. Working gas stocks totaled 2,354 Bcf, which was about 572 Bcf below the five-year average and 671 Bcf below the level for the same period in 2017.