March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
Market Data:
March 13, 2025
March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
March 13, 2025
March 2025 – Energy News
As we end this winter's heating season, the U.S. has experienced record demand for natural gas which has significantly altered our natural gas levels.
Domestic Demand
After two months of winter storms and cold temperatures, the U.S. is finally experiencing warmer weather. As temperatures rise, the demand for heating has decreased, resulting in a 14.5 percent drop in total natural gas consumption compared to the week of February 24th. Power generation saw a 14.4 percent decrease (4.7 Bcf/d), and the industrial sector experienced a decline of 3.9 percent (1.0 Bcf/d), but the most significant drop occurred in the residential and commercial sector, which fell by 21.1 percent (8.7 Bcf/d).
International Demand
U.S. natural gas futures surged by 8 percent this week, driven by record exports of liquefied natural gas (LNG) and strong international demand expected in the coming weeks. This increase is partly due to reports indicating that Germany is not negotiating with Russia for pipeline gas, meaning that Germany and other European countries will continue to rely on U.S. LNG.
Production & Supply
The U.S. storage levels are currently 24.9 percent (585 Bcf) lower than last year and 11.3 percent (224 Bcf) below the five-year average. Lower natural gas storage can lead to higher energy prices, as a reduced supply during periods of high demand, such as cold weather, may result in increased heating and electricity costs for households.
Last year, natural gas producers reduced the number of rigs to help stabilize prices, leading to a second consecutive year of decreased natural gas rigs. However, due to recent winter weather and the withdrawal of natural gas from storage, producers are now increasing the rig count, which is up by 3 percent compared to the week of February 24th. While this marks an increase in rigs from last week, we are still 14.3 percent lower than last year.
If you have any questions about the information in this newsletter or would like to talk to someone about your natural gas, please call your sales representative.
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