1 Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

National
2 Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

NOAA 3 Month Outlook
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

U.S. NG Supply and Demand YTD vs. YTD

National Natural Gas Market Overview: U.S. Supply and Consumption

Note: Balance includes all amounts not attributable to other categories.

Source: Derived from Bentek Energy data

0

10

20

30

40

50

60

70

80

90

100

2017 2018

Average Daily Volume (Bcfd)

US Natural Gas Demand

Power 

Generation

Total Change in Demand

Industrial

12.3%

Residential/ 

Commercial

14.6%

4.4%

13.7%

Exports to Mexico

LNG Exports 12.0%

62.5%

Updated: December 2018

Nov-17 Nov-18

0

10

20

30

40

50

60

70

80

90

100

2017 2018

Average Daily Volume (Bcfd)

US Natural Gas Supply

LNG Imports

Canadian Imports

Net Dry Gas

Production

-1.9%

-1.3%

11.9

%

Total Change in Supply 11.0%
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

National Natural Gas Market Overview: Canadian Imports

Regional Canadian Imports

Source: Derived from Bentek Energy data

-2

0

2

4

6

8

10

12

Jan-11

May-11

Sep-11

Jan-12

May-12

Sep-12

Jan-13

May-13

Sep-13

Jan-14

May-14

Sep-14

Jan-15

May-15

Sep-15

Jan-16

May-16

Sep-16

Jan-17

May-17

Sep-17

Jan-18

May-18

Sep-18

Bcfd

Northwest Net Imports

Midwest Net Imports

Northeast Net Imports

Updated: December 2018
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Total U.S. Natural Gas Demand All Sectors

National Natural Gas Market Overview: Total US Gas Demand

Source: Derived from Bentek Energy data, derived from interstate pipeline flow and modeled data.

 -

 20

 40

 60

 80

 100

 120

 140

 160

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Bcfd

2013-17 Range 2018

Updated: December 2018
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

U.S. Natural Gas Consumption for Power Generation

National Natural Gas Market Overview: NG Consumption for Power Generation

Source: Derived from Bentek Energy data

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

MMcfd

 2013 - 2017 Range

2018

Updated: December 2018
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

EIA Storage Inventories

National Natural Gas Market Overview: Natural Gas Storage Inventory

Source: Derived from Bloomberg Data Updated

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

Storage (Bcf)

5 Year Range 2018-2019 2017-2018

Dec-18
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

EIA Storage Inventories

Source: Derived from Bloomberg Data Updated

0

100

200

300

400

500

600

700

800

900 1,000

EAST 0

500

1,000

1,500

WEST

0

100

200

300

Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

5 Year Range 2018-2019 2017-2018

PRODUCING

0

100

200

300

400

500

PACIFIC

0

500

1,000

1,500

SOUTH CENTRAL

Dec-18
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Monthly U.S. Dry Gas Production – Lower 48 States

National Natural Gas Market Overview: Monthly U.S. Dry Gas Production

Note: Prior to July 2010, chart was derived from a combination of EIA and Bentek Energy data

Source: Derived from Bentek Energy data

10

20

30

40

50

60

70

80

90

Bcfd

Dry Production

Updated: Dec-18
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

NG Rigs by Fuel Type

National Natural Gas Market Overview: Rig Count by Type

Source: Derived from Bloomberg data Updated

0

100

200

300

400

500

600

700

800

900

1,000

Dec-16

Mar-17

Jun-17

Sep-17

Dec-17

Mar-18

Jun-18

Sep-18

Dec-18

Baker Hughes Rig Count (Rigs)

Oil Rigs Gas Rigs

Dec-18
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

NG Rig by Direction

National Natural Gas Market Overview: Rig Count by Direction

Source: Derived from Bloomberg data Updated

0

200

400

600

800

1,000

1,200

Baker Hughes Rigs By Drill Type 

Vertical Horizontal Directional

Dec-18
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Daily Gas Sendout from Existing U.S. LNG Facilities

National Natural Gas Market Overview: LNG Market-Daily Gas Sendout

Notes: Everett data includes flows onto the AGT and TGP interstate lines, plus estimates of flows to the Mystic 7 power plant, Keyspan Boston 

Gas, and LNG trucked out of the terminal. Excludes flows to the Freeport LNG which flows via intrastate pipelines and flows to the Mystic 8 and 

9 power plants.

Source: Derived from Bentek Energy data 3007

Updated Dec-18

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Daily LNG Sendout (MMcfd)

Sabine Pass

Lake Charles

Golden Pass

Freeport

Northeast Gateway

Excelerate

Cameron

Elba Island

Cove Point

Everett (Modeled)

Neptune

0

1,000

2,000

3,000 Monthly Average
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Source: Waterborne Energy, Inc. Data in $US/MMBtu. 

Note: Includes information and Data supplied by IHS Global Inc. and its affiliates (“IHS”); Copyright (publication year) all rights 

reserved. Prices are the monthly average of the weekly landed prices for the listed month. Landed prices are based on a netback 

calculation.

World LNG Estimated Landed Prices: 

National Natural Gas Market Overview: World LNG Landed Prices

Cove Point

$4.50

India

$11.55

UK

$8.75

Spain

$9.05

Belgium

$8.84

Japan

$12.40

Korea

$12.40

Lake Charles

$3.96 Altamira

$4.60

Cove Point

$4.40

India

$11.55

UK

$8.75

Spain

$9.15

Belgium

$8.99

Japan

$13.10

Korea

$13.10

Lake Charles

$3.93 Altamira

$4.57

Cove Point

$4.50

India

$11.55

UK

$8.75

Spain

$9.05

Belgium

$8.84

Japan

$12.40

Korea

$12.40

Lake Charles

$3.96 Altamira

$4.60

Cove Point

India

UK

Spain

Belgium

Korea

Lake Charles

Altamira

Bahia Blanca

Canaport

China

Updated: Dec-18

Nov-18

$ 9.20

$ 9.98

$13.38 $7.27

$10.03 $10.13

$10.16

$8.85

$ 8.71

$10.05

$3.98
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Source: S&P Global Bentek. 

U.S. Exports of LNG

National Natural Gas Market Overview: LNG Exports

Updated: Dec-18

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Jan-16

Mar-16

May-16

Jul-16

Sep-16

Nov-16

Jan-17

Mar-17

May-17

Jul-17

Sep-17

Nov-17

Jan-18

Mar-18

May-18

Jul-18

Sep-18

Bcfd

Sabine Pass Cove Point Corpus Christi