US Natural Gas Demand Rises Amid Strong Production and Exports
Natural gas demand remains strong in the United States as summer comes to an end. According to Rystad Energy, total natural gas demand, including exports, edged slightly higher than July levels and rose by 5.5 percent year-over-year.
The growth is attributed to growing LNG exports and power sector consumption. Domestic natural gas production continues to reach new highs as supply expands to meet growing demand, setting a new all-time monthly record this August.
U.S. LNG feedgas deliveries are maintaining year-over-year strength amid heightened LNG export demand and increasing domestic liquefaction facility capacity. Feedgas volumes averaged 17.3 Bcf per day in August, essentially flat compared to July volumes but 8.4 percent higher than the same month last year.