Highlights



July 2024

Note: Normally, we revise the prior two years of monthly data in the Natural Gas Monthly after we publish the Natural Gas Annual (NGA). We have not yet applied these annual adjustments to the 2022 and 2023 data in the September 2024 Natural Gas Monthly publication. We also have not yet updated the annual 2023 consumption and price data in Navigator to match the NGA.

• In July 2024, dry natural gas production increased year over year for the first time in five months. Preliminary dry natural gas production in July 2024 was 3,234 billion cubic feet (Bcf), or 104.3 billion cubic feet per day (Bcf/d). Production was 1.0% (1.0 Bcf/d) higher in July 2024 than in July 2023 (103.3 Bcf/d); dry natural gas production was the highest for the month since 1973, when we began tracking dry production. Gross withdrawals also increased from July 2023:
• Gross withdrawals: 3,893 Bcf for the month, or 125.6 Bcf/d
  • A 1.7% increase compared with July 2023 (123.5 Bcf/d)
• The daily rate of gross withdrawals was the highest for the month since 1980, the earliest year in this data set

• Estimated natural gas consumption in July 2024 was 2,745 Bcf, or 88.5 Bcf/d:
• A 3.0% increase compared with July 2023 (86.0 Bcf/d)
  
• The daily rate of natural gas consumption was the highest for the month since we began using the current methodology for consumption in 2001
  
• The year-over-year average daily rate of dry natural gas consumption in July 2024 increased in three of the four consuming sectors. Natural gas deliveries by consuming sector in July 2024 were:
  
  • Residential deliveries: 107 Bcf for the month, or 3.5 Bcf/d
    • A 3.6% decrease compared with July 2023 (3.6 Bcf/d)
    
  • Lowest daily rate of residential deliveries for the month since 2018
  
  • Commercial deliveries: 148 Bcf for the month, or 4.8 Bcf/d
    • A 3.5% increase compared with July 2023 (4.6 Bcf/d)
    
  • Highest daily rate of commercial deliveries for the month since 1973, the earliest year in this data set
  
  • Industrial deliveries: 681 Bcf for the month, or 22.0 Bcf/d
    • A 1.8% increase compared with July 2023 (21.6 Bcf/d)
    
  • Highest daily rate of industrial deliveries for the month since 2001, the earliest year in this data set
  
  • Electric power deliveries: 1,533 Bcf for the month, or 49.5 Bcf/d
  • A 4.2% increase compared with July 2023 (47.5 Bcf/d)
  • Highest daily rate of electric power deliveries for any month since we began using the current methodology for them in 2001

• Net natural gas imports (imports minus exports) were -328 Bcf, or -10.6 Bcf/d, in July 2024, making the United States a net natural gas exporter. The United States exported 2.2 times more natural gas than it imported in July 2024. Liquefied natural gas (LNG) exports in July 2024 were 7.2% lower than the daily rate of LNG exported in July 2023; despite this decrease, the daily rate of LNG exports was the second highest for the month since we began tracking LNG exports in 1997. In July 2024, the United States exported 10.5 Bcf/d of LNG to 33 countries. Natural gas imports and exports both increased year over year in July 2024:
  
  • Total imports: 271 Bcf for the month, or 8.7 Bcf/d
  • A 5.9% increase compared with July 2023 (8.3 Bcf/d)
  • Highest daily rate of natural gas imports for the month since 2012
  • Total exports: 600 Bcf for the month, or 19.4 Bcf/d
  • A 5.4% decrease compared with July 2023 (20.5 Bcf/d)
  • Despite this decrease, the daily rate of natural gas exports was the second highest for the month since we began tracking them in 1973