EVA worked closely with staff at Natural Gas Supply Association to produce a Winter Natural Gas Outlook for 2019-2020.
Top line findings from the NGSA’s Winter Natural Gas Outlook include:
- U.S. natural gas supply and demand for 2019-2020 winter are both forecasted to experience substantial growth winter-over-winter.
- Total gas production is expected to grow 3.8 BCFD winter-over-winter, while combined demand components will grow 3.1 BCFD.
- Power demand will maintain its growth momentum. Structural growth due to new CCGT additions has increased steadily over time, creating a strong base for power burn growth.
- Winter 2019-2020 storage inventories of natural gas are forecasted to start the winter heating season at 3,712 BCF, near the five-year average level.
- Based on the near-term supply and demand dynamics, natural gas storage levels are expected to finish the 2019- 2020 winter withdrawal season at 1,833 BCF, slightly above the five-year average.