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.
Visit NGSA’s website or download the full report for more information on EVA’s natural gas work with the NGSA.
For more information on the U.S. natural gas industry, please refer to EVA’s Monthly Short-Term Natural Gas Outlook, EVA’s Energy Trader Dashboard – Natural Gas, and EVA’s Quarterly LNG Outlook