New York — US industrial gas demand this month has edged up to its highest since late March as the sector recovers from a battering taken during this hurricane season and from a still ongoing coronavirus pandemic.
Despite the single-day milestone, industrial activity still has significant ground to recover after this year’s dual setbacks. Month-to-date, gas demand from US industry has averaged 22.5 Bcf/d – about 2 Bcf/d, or 8%, below its year-ago level, data compiled by S&P Global Platts Analytics shows.
Rising industrial demand has been fueled in part by a surge in industrial activity across the US Southeast where chemicals facilities and refineries are ramping up activity as this year’s record hurricane season winds down. Read more…..
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