{"id":1239,"date":"2014-08-29T08:37:15","date_gmt":"2014-08-29T13:37:15","guid":{"rendered":"https:\/\/allenergyconsulting.com\/blog\/?p=1239"},"modified":"2014-08-29T08:37:40","modified_gmt":"2014-08-29T13:37:40","slug":"5-bcfd-drop-in-gas-demand-from-power-sector-in-august-due-to-weather","status":"publish","type":"post","link":"https:\/\/allenergyconsulting.com\/blog\/2014\/08\/29\/5-bcfd-drop-in-gas-demand-from-power-sector-in-august-due-to-weather\/","title":{"rendered":"5 bcf\/d Drop in Gas Demand from Power Sector in August Due to Weather"},"content":{"rendered":"

10 year average weather for August would produce gas demand near 30 bcf\/d for the electric power sector.\u00a0 However, given the weather, gas demand is closer to our Power Market Analsyis (PMA) low gas demand case around 25 bcf\/d.\u00a0\u00a0 This is having a significant impact on storage causing weakness in gas prices.\u00a0\u00a0 The storage levels are tracking closer to our low gas demand case as described in our previous article on extreme weather<\/a>.\u00a0 This case had gas prices falling to $3.5\/mmbtu.\u00a0 The models would indicate there is a greater chance for $3.5\/mmbtu gas than $4.5\/mmbtu gas assuming an ending inventory target in October of 3.4-3.5 tcf.<\/p>\n

PMA now offers state by state gas demand in the format supplied by the EIA<\/a>.\u00a0 One can use the data to feed into your gas pipeline model to calculate basis \u2013 such as the Gas Pipeline Competition Model (GCPM) by RBAC<\/a>.\u00a0 A free sample file is available for download<\/a>. \u00a0\u00a0This file is routinely produced and can be customized to your own sensitivities.\u00a0 Below are two graphs which can be generated from the file.<\/p>\n

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We will be coming out with a winter outlook report in the coming weeks.\u00a0 Please consider signing up to PMA to get the winter outlook.\u00a0 We have a 30 day trial for only $1000 which will give you full access.<\/p>\n

Your Energy Consultant,<\/p>\n

David<\/p>\n

David K. Bellman
\nFounder & Principal
\nAll Energy Consulting LLC
\n“Independent analysis and opinions without a bias.”
\n614-356-0484
\ndkb@allenergyconsulting.com<\/a>
\nblog:\u00a0https:\/\/allenergyconsulting.com\/blog\/category\/market-insights\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

10 year average weather for August would produce gas demand near 30 bcf\/d for the electric power sector.\u00a0 However, given the weather, gas demand is closer to our Power Market Analsyis (PMA) low gas demand case around 25 bcf\/d.\u00a0\u00a0 This is having a significant impact on storage causing weakness in gas prices.\u00a0\u00a0 The storage levels […]<\/p>\n","protected":false},"author":1,"featured_media":28,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,3,6],"tags":[40,14,301],"class_list":["post-1239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","category-natural-gas","category-power","tag-demand","tag-natural-gas-2","tag-power-gas-demand"],"_links":{"self":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/1239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/comments?post=1239"}],"version-history":[{"count":3,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/1239\/revisions"}],"predecessor-version":[{"id":1244,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/posts\/1239\/revisions\/1244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/media\/28"}],"wp:attachment":[{"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/media?parent=1239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/categories?post=1239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/allenergyconsulting.com\/blog\/wp-json\/wp\/v2\/tags?post=1239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}