Natural Gas Demand Drops As Power Industry Contracts

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Hira Shahnawaz Akhtar
Published on
Updated on

The United States demand for dry natural gas declined 6 percent YoY and 12.1 percent MoM in the month of May 2013. During the same period, natural gas production increased 0.81 percent YoY and remained fairly stable. This indicates that we can expect bearish trends in the natural gas market.

Gas demand falls short

Total U.S. natural gas demand stood at 56.1 billion cubic feet per day (bcfpd) in May while the total supply during the same period was 66.15 bcfpd. During the same month, the U.S. registered natural gas exports of 4.58 bcfpd,...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.