Natural gas consumption by U.S. factories fell more than 20 percent during the first six months of the year as the coronavirus pandemic slowed the nation’s manufacturing sector.
U.S. factories used 20.1 billion cubic feet per day of natural gas in June 2020, down from 25.4 billion cubic feet per day in January, according to a new report from the Energy Information Administration.
Natural gas consumption in the industrial sector hit bottom in May, falling 8 percent compared with a year ago. In fact, May marked the largest year-over-year decline since July 2009, during the middle of the Great Recession.
The demand drop over the first half of 2020 reflects the global pandemic, which forced factories to close temporarily. The U.S. gross domestic product, which measures the value of goods and services produced nationally, fell by 9.1 percent during the second quarter compared with the same quarter a year ago, according to the Bureau of Economic Analysis.
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Demand for natural gas is recovering as more states have reopened their economies and as cooler temperatures approach. U.S. consumption of natural gas by homes and offices rose by 2.3 billion cubic feet per day, or 27.9 percent, over the past week as temperatures fell on the East Coast. Power plant use fell by 6.7 percent as air conditioning demand dropped.
The Energy Department expects annual consumption of natural gas by the industrial sector to decline by 4.4 percent this year, but grow 1.1 percent next year as the economy recovers from the pandemic.
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September 25, 2020 at 08:54PM
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Natural gas use by factories fell 20 percent during pandemic - Houston Chronicle
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