Slide 8 of 10
- January withdrawals for the first 12 days of the month are 5% below average daily rate for the month (over the first 19 days, the daily average is more than 15% below average). This is considerably below the more than 4 above average withdrawal rate in the EIA short-term outlook.
- Assuming average withdrawals over the remainder of the heating season from 1/12, 506 Bcf is projected for end season.
- The 1,051 Bcf withdrawn in November and December is 66% above the 5-year avg of 634 for those months.
- If summer gas demand next year is as strong as we currently expect it to be, the low end-winter storage levels will present a strong challenge to the North American gas supply system to maintain flexibility and provide additional gas in preparation for the subsequent winter season.