Insight
North America gas weekly update: Spring break
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
March has proved to be milder and no cold is in sight as we enjoy Spring break. Winter may not be fully over but essentially it is closing out. This winter as a whole has actually been slightly milder than normal. Record December warmth and a mild March close out are weighing in heavy. Despite such, gas storage withdrawals and freeze offs have been higher than normal. An uphill battle remains to refill back to adequate levels prior to the start of winter 2022/23. Both geopolitical and financial risks remain high and continue to exert pressure on North America gas market fundamentals.
Table of contents
- Supply-demand balances
Tables and charts
This report includes the following images and tables:
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Chart 3: US net LNG vs. production losses since 31 March 2020Chart 4: Fundamental supply-demand imbalance still highlighting under supplied marketChart 5. WoodMac degree days continues to fall off as transitions to injection season underway
What's included
This report contains:
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