The Scoop” –
2016 injection season sees record natural gas demand
Total natural gas demand in the Lower 48 states reached record levels during the 2016 injection season (April through October). According to data from PointLogic, natural gas consumption and net exports averaged 71.4 billion cubic feet per day (Bcf/d)—2.2 Bcf/d above the 2015 injection season, which held the previous record. However, the total supply of natural gas decreased by an average of 1.1 Bcf/d compared to the 2015 injection season, according to PointLogic. Several factors contributed to the narrowing of supply and demand over this period.