Commodity Market Report
North America gas markets short-term outlook: Record heat elevates power demand
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Report summary
Blistering hot temperatures are stressing out not only our air conditioners running around the clock but perhaps other energy infrastructure as well. Additional explosions have occurred at pipelines, an NGL fractionation facility, and even at a transformer at the Hoover Dam. Record heat is resulting in elevated gas burns. Seasonal forecasts continue to project a warmer than normal remainder of the summer. Read on for our view of North America gas markets: • How much has power demand increased? • What is the revised timeline for Freeport LNG restoration? • Can supply grow faster?
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