Related Articles
Forward article link
Share PDF with colleagues

Glut no more for US gas

North American consumers will pay more for their gas this winter as stocks build more slowly and demand rises

US household spending for natural gas, heating oil, electricity, and propane will rise by 38%, 26%, and 22% respectively between October this year and March 2017, compared with the same period last year, according to the Energy Information Administration (EIA). Demand has already started to rise. High temperatures throughout the summer-combined with cheap natural gas prices-have led to record levels of consumption in the power sector. On 21 July it reached its highest-ever daily level, at 40.9bn cubic feet per day. Natural gas consumption for the whole of July was 4.12bn cf/d higher than a year earlier, reaching 71.11bn cf/d. That's a rise of almost 6%. Since then, average monthly gas consu

Also in this section
US tight oil: Too light, too sweet
24 November 2017
International buyers’ appetite may start to wane in 2018
Tight oil: Pumping the brakes
24 November 2017
Output will rise again in 2018, but less drilling and greater capital discipline will slow growth
Carbon permits: The burning issue
23 November 2017
Carbon floor price or free market? Europe's debate shows no signs of calming