Total consumption for the report week registered an overall decrease, driven by a significant decrease in the power sector. According to estimates from Bentek, domestic natural gas consumption declined by 5.0 percent from last week, driven by decreases of 14.6 percent in the power sector due to cooler weather. Consumption in the industrial and residential/ commercial sectors increased by 1.6 percent and 17.6 percent, respectively.
Total supply for the week increased by 2.3 percent, driven by an increase in domestic production. According to Bentek estimates, domestic weekly dry gas production was 3.1 percent higher than the previous week and 2.2 percent above the same time last year. Imports from Canada decreased by 6.4 percent to 5.3 Bcf. Liquefied natural gas (LNG) sendout dropped sharply, down 11.1 percent from last week to 0.2 Bcf; sendout volumes remain well below (47.8 percent) year-ago levels.
Working natural gas in storage increased to 3,429 Bcf as of Friday, September 7, according to EIA’s WNGSR. This represents an implied net injection of 27 Bcf from the previous week. This week’s injection was 45 Bcf below the 5-year (2007-2011) average injection of 72 Bcf, and 53 Bcf below last year’s injection of 80 Bcf. Inventories are currently 342 Bcf (11.1 percent) greater than last year at this time and 284 Bcf (9.0 percent) greater than the 5-year average.
Two of the three storage regions posted increases this week. Inventories in the East and West regions increased by 38 Bcf (the 5-year average net injection is 51 Bcf) and 2 Bcf (the 5-year average net injection is 6 Bcf), respectively. The Producing region posted a decrease of 13 Bcf (the 5-year average net injection is 14 Bcf). In the Producing Region, working natural gas inventories decreased 14 Bcf (6.3 percent) in salt cavern facilities and remained at the previous week’s level in nonsalt cavern facilities.
Temperatures during the storage report week were 5.1 degrees warmer than the 30-year normal temperature and 4.0 degrees warmer than the same period last year. Temperatures in the lower 48 States averaged 76.1 degrees, compared to 72.1 last year and the 30-year normal of 71.0 degrees. During the week all regions were warmer than normal, particularly the East North Central and West North Central Census divisions in the Midwest, which, respectively, averaged 7.7 and 7.1 degrees warmer than the 30-year normal.