There are many macroeconomic and atmospheric factors affecting the development of natural gas consumption forecasts. Recently, another factor has emerged that causes some problems in developing an accurate forecast. COVID-19 introduced many perturbations. It makes previous long-term natural gas consumption forecasts obsolete. This chapter presents the process of natural gas consumption in the U.S. and the implications that a pandemic will have on the forecasting process. Forecasts were developed using RStudio. The results clearly show the impact of the pandemic on the consumption of gaseous fuel by each area of life.
Part of the book: Natural Gas