• Half of the nation is projected to be colder than normal in the most recent longer-term outlook. The longer-term outlook calls for a warmer-than-normal winter.
  • Slightly less heating demand reduced the natural gas storage deficit, but colder weather is ahead.
  • European LNG export demand will remain strong as European natural gas storage is in a deficit to the five-year average.
  • Natural gas transportation wholesale basis is higher than last year on cold weather and high European LNG prices.