US NATGAS: NE Update: still colder than normal and demand hangs on
Mar-24 19:24By: Mathew Zimmer
Energy Data+ 2
- Total Demand into New England revised 0.07 bcf lower to 3.13 bcf, a relatively minor change given last week’s large daily revisions lower.
- The latest GFS 15day forecast for Boston has total HDDs at 339.1 which is a decrease of 2.97 HDDs compared to the previous run. And is 36 HDDs colder than the 10yr normal.
- Bloomberg has end user demand 194 mcf/d higher on the day, comprised of 33% power demand, 55% residential and commercial demand, and 12% industrial demand.
- Power demand increased by 117 mcf, ResCom demand increased by 69 mcf, and Industrial demand increased by 8 mcf d/d.
- Canadian imports revising 27 mmcf higher to 1.71 bcf/d compared to the 7-day average of 1.9 bcf/d.
- Operational utilization at the Chaplin compressor station on AGT showing 0.93 bcfd, down to 83% operational capacity.
