“US dry gas production is projected to rise to an all-time high of 81.7 billion cubic feet per day (bcfd) in 2018, but US consumption is also expected to hit an all-time high of 78.2 bcfd in 2018. With exports rising to record highs as well, it does not leave a lot of extra gas to go into storage.”
Scott DiSavino, Reuters
“We feel the current [natural gas] market has become far too complacent and that prices are simply too low to account for demand growth and the amount of gas needed in storage for the next winter heating season.”
Martin King, director institutional research at GMP FirstEnergy in Calgary