Hot temperatures, cheap gas drive power burn to pre-summer highs

摘要

Gas-fired power generation to support cooling demand is hittingrecord pre-summer highs this season, fueled by low gas prices andsweltering temperatures in a trend that appears likely to acceleratethrough July and August.Already this month, gas demand from US generators has topped38 Bcf/d on three occassions – levels not previously recorded in earlyor even mid-June. On June 17, gas burns were down from earlier highsto the 33 Bcf/d area where they are forecast to remain through theweekend before rising to more than 38 Bcf/d again next week, a shorttermforecast from S&P Global Platts Analytics shows.