Commodities

Natural Gas Overview for December

Aggregate natural gas demand (consumption + exports) in the adjacent United States grew by 2.97% y-o-y from 2,562 Bcf (or 85.42 Bcf/d) in September 2020 to 2,639 Bcf (or 87.96 Bcf/d) in September 2021. The weather in September was warmer than a year ago. However, total natural gas consumption bounded down by 2.93% y-o-y (mainly because of the deficient levels of coal-to-gas-switching). Gross exports swelled by 35.32% from 395 Bcf (or 13.18 Bcf/d) in September 2020 to 535 Bcf (or 17.83 Bcf/d) in September 2021.

General, the year-over-year average daily rate of consumption of dry natural gas in September 2021 dropped in three of the four consuming sectors.

Natural Gas by The Consuming Sector in September 2021

Residential deliveries: 116 Bcf for the month, or a daily pace of 3.9 Bcf/d – an 8.7% drop corresponded with September 2020 (4.2 Bcf/d).

Commercial deliveries: 148 Bcf for the month, or a daily rate of 4.9 Bcf/d – a 2.8% growth approximated with September 2020 (4.8 Bcf/d). Commercial deliveries were the most elevated for the month since 2014.

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Industrial deliveries: 624 Bcf for the month, or a daily rate of 20.8 Bcf/d – a 3.0% decline approximated with September 2020 (21.4 Bcf/d). Industrial deliveries were the most down for the month since 2017.

Electric power deliveries: 995 Bcf for the month, or a daily rate of 33.2 Bcf/d – a 4.1% decline corresponded with September 2020 (34.6 Bcf/d). Electric power deliveries were the most down for the month after 2017.

Net natural gas imports (imports minus exports) were -315 Bcf, or -10.5 Bcf/d, in September 2021. This made the United States as a net natural gas exporter. The United States exported 2.4 times more natural gas than it imported in September 2021. Therefore, making the intermediate daily rate of net imports the most down for any September since 1973, when EIA started gathering natural gas import and export data.

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