Total consumption exceeded that of last week, led by strong growth in power burn across most of the country. According to estimates from BENTEK Energy LLC (Bentek), domestic natural gas consumption increased by 3.5 percent from last week. While industrial and residential/commercial consumption declined by 1.8 and 8.2 percent, respectively, consumption for power generation jumped by 13.2 percent. With the exception of the Rockies, the Pacific Northwest, and the Southwest, all areas of the country registered power burn increases of more than 10 percent. Power burn for the past week stands 32.1 percent above the same week last year.
Total supply was up for the week, with increases in dry gas production, imports from Canada, and LNG sendout. According to Bentek estimates, the week’s average total natural gas supply posted a 1.4 percent increase from last week’s level, led by a 9.3 percent increase in imports from Canada, which averaged 5.6 Bcf per day over the week. Imports from Canada stand 13.6 percent above year-ago volumes for the same week. There was a slight (0.5 percent) increase in liquefied natural gas (LNG) supply over last week, with sendout averaging 371 million cubic feet (MMcf) per day. LNG’s contribution to total supply remains minimal, however, with sendout volumes 67.8 percent below year-ago levels. Domestic dry gas production posted a 0.7 percent increase and averaged 64.1 Bcf per day, 3.9 percent above this time last year.
Working natural gas in storage increased to 2,815 Bcf as of Friday, May 25, according to EIA's WNGSR. This represents a net injection of 71 Bcf from the previous week. This week’s injection was 29 Bcf lower than the 5-year (2007-2011) average injection for the same week. During the same week last year, the implied net injection was 89 Bcf. Working inventories are currently 732 Bcf (35 percent) greater than their year-ago levels and 724 Bcf (35 percent) greater than the 5-year average.
All three storage regions posted increases this week. Inventories in the East, West, and Producing Regions increased by 44 Bcf, 11 Bcf, and 16 Bcf, respectively. In the Producing Region, working natural gas inventories increased 4 Bcf in salt cavern facilities and increased 12 Bcf in nonsalt cavern facilities.
Temperatures in the lower 48 States during the week ending May 24 were 3.6 degrees warmer than the 30-year normal temperature and 1.6 degrees warmer than the same period last year. The average temperature in the lower 48 States was 67.6 degrees, 3.6 degrees higher than the 30-year normal of 64.0 degrees. During the week all regions were warmer than normal, particularly the West North Central and East North Central Regions in the Midwest, which averaged 5.3 and 5.0 degrees, respectively, warmer than the 30-year normal.