US Natural Gas Consumption Reached a 25-Month Low



Monthly US natural gas consumption 

According to EIA (U.S. Energy Information Administration) estimates, monthly US natural gas consumption rose by 0.11 Bcf (billion cubic feet) per day or 0.2% to 62.77 Bcf per day in June 2017—compared to May 2017. However, consumption is still near a 25-month low.

Consumption fell by 3.98 Bcf per day or 5.9%—compared to the same period in 2016. Mild weather led to the fall in natural gas consumption. Any fall in natural gas consumption has a negative impact on natural gas (BOIL) (FCG) (UNG) prices.

Lower natural gas prices have a negative impact on natural gas producers’ earnings like Gulfport Energy (GPOR), Cabot Oil & Gas (COG), Southwestern Energy (SWN), and WPX Energy (WPX).

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Weekly US natural gas consumption 

According to PointLogic, weekly US natural gas consumption fell 10.3% or by 7.8 Bcf per day to 67.4 Bcf per day on August 24–30, 2017. Consumption fell 0.8% or by 5.8 Bcf per day compared to the same period in 2016. Consumption fell due to mild weather after Hurricane Harvey. For more on the weather and Hurricane Harvey, read Part 2 of the series.

US natural gas consumption estimates  

The EIA estimates that consumption will average 72.6 Bcf per day in 2017 and 75.8 Bcf per day in 2018. US natural gas consumption averaged 75.1 Bcf per day in 2016 and 74.7 Bcf per day in 2015.


US natural gas production could surpass consumption in 2017 and 2018 and pressure natural gas (UGAZ) (DGAZ) prices. However, booming exports could limit the impact of excess supply.

In the next part of this series, we’ll take a look at some natural gas price forecasts.


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