Total consumption for the report week registered an overall decrease, with an increase in power sector demand partially offsetting declines in other sectors. According to estimates from Bentek, domestic natural gas consumption fell by 7.1 percent from last week, driven by a 24.2 percent decline in residential/commercial sector consumption and a 2.7 percent decline in the industrial sector. Consumption increased in the power sector, which ended the week up 2.2 percent, 44 percent above last year’s consumption for the same week.
Total supply was down 1.1 percent over the report week, with declines in all reported supply sources. According to Bentek estimates, domestic weekly dry gas production averaged 63.6 Bcf per day, 0.5 percent lower than the previous week and 4.1 percent above the same time last year. Imports from Canada averaged 4.9 Bcf per day, down 7.6 percent from the previous week and 3.4 percent below year-ago levels. Liquefied natural gas (LNG) sendout during the week, which averaged 242 MMcf per day, declined 14.3 percent and remains 60.7 percent below year-ago levels.
Working natural gas in storage increased to 2,606 Bcf as of Friday, May 4, according to EIA's WNGSR. This represents a net injection of 30 Bcf from the previous week. This week’s injection was 54 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 71 Bcf. Working inventories are currently 799 Bcf (44 percent greater than their year-ago levels and 803 Bcf (45 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 24 Bcf and 8 Bcf, respectively, while in the Producing Region, inventories decreased slightly by 2 Bcf. In the Producing Region, working natural gas inventories decreased 8 Bcf in salt cavern facilities and increased 6 Bcf in nonsalt cavern facilities.
Temperatures in the lower 48 States during the week ending May 3 were 2.6 degrees warmer than the 30-year normal temperature and 3.3 degrees warmer than the same period last year. The average temperature in the lower 48 States was 60.3 degrees, 2.6 degrees higher than the 30-year normal of 57.7 degrees. While overall temperatures were a few degrees warmer than normal, temperatures varied somewhat across Census Divisions. The East South Central and West South Central Regions in the South were particularly warm, averaging 8.4 and 8.1 degrees, respectively, warmer than the 30-year normal. In the East, the New England and Middle Atlantic Regions were particularly cool, averaging 4.0 and 2.6 degrees cooler, respectively, than the 30-year normal.