US NatGas on Track for Record Low Demand in January

U.S. natural gas demand is on track to hit record lows in January if unseasonably warm weather sticks around, according to Rystad Energy. It's just too darned warm! The warm weather reduces demand for natgas used in heating. Also, as you will read today, a Freeport LNG restart that uses 2 Bcf/d is also likely delayed further--maybe until the end of February. Given the warm weather and Freeport, demand is down, and because of lower demand, prices are crumbling.

To view this content, log into your member account. (Not a member? Join Today!)