NGSA: NatGas Production & Demand Heading Higher This Winter

Each year the Natural Gas Supply Association (NGSA) issues an annual Winter Outlook assessment of the wholesale natural gas market. Yesterday the NGSA issued its 17th such report. Among their predictions: demand for natural gas will hit an all-time high this winter, even outstripping the infamous Polar Vortex from two years ago. However, production, Canadian imports and existing natural gas in storage (in record numbers) will be able to meet the demand, therefore prices will remain steady–no huge ups, no huge downs. NGSA’s forecasts are based on weather forecasts. They assume this winter will be an average of 13% colder than last winter. We don’t like the sound of that, since we live in the cold northeast! Bottom line from NGSA: “The picture that emerged for the upcoming winter is of a natural gas market experiencing substantial growth in both demand and supply.” Below is the NGSA press release/overview, a copy of the full report, and a copy of the NGSA PowerPoint slide deck, with lots of pretty charts and graphs…

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