EFTA01385331.pdf

3 January 2018 HY Corporate Credit HY Multi Sector:Media. Cable & Satellite iFigure 19: United States natural gas supply and demand Baday 10 2017 20 2017 30 2017 40 2017 2017 10 2018 20 2018 30 2018 40 2018 2018 CONSUMPTION Residential 22.2 6.7 3.6 15.5 11.9 25.0 7.1 3.6 16.0 12.9 Commercial 13.5 5.8 4.6 10.4 8.6 14.9 6.1 4.6 10.7 9.0 Industrial 23.0 20.6 20.3 21.6 21.3 23.1 20.7 20.4 22.2 21.6 Electric Power 20.5 22.5 32.8 23.5 26.6 23.2 26.0 32.3 24.t 26.4 Other 6.4 5.9 6.3 6.8 6.4 7.3 6.6 6.7 7.1 6.9 Lease and Plant Fuel 4.3 4.3 4.4 4.6 4.4 4.7 4.7 4.8 4.9 4.8 Pipeline and Distribution 2.3 1.7 1.8 2.2 2.0 2.6 1.9 1.9 2.3 2.2 Total Demand 86.6 63.1 67.5 77.8 73.7 93.4 66.5 67.7 80.0 76.9 YoY % change -2.8% -5.3% -2.3% 2.7% -1.8% 7.3% 5.2% 0.2% 2.8% 4.1% DOMESTIC SUPPLY Alaska 1.0 1.0 0.8 0.9 0.9 1.0 0.9 0.8 0.9 0.9 Gulf of Mexico 3.3 3.0 3.0 3.1 3.1 3.5 3.3 3.2 3.2 3.3 Other US 72.1 73.4 75.5 78.3 74.8 79.6 80.8 82.2 82.7 81.3 Marketed Production 76.3 77.4 79.3 82.3 78.8 84.1 85.0 86.2 86.9 86.6 Dry Gas Production 71.3 72.1 74.0 76.8 73.6 78.4 79.2 80.3 80.9 79.7 YoY % change -3.9% -1.6% 2.1% 7.3% 1.0% 10.0% 9.9% 8.5% 5.3% 8.4% Net Storage Withdraws 13.7 -9.0 -7.2 4.6 0.6 16.1 -10.4 -9.6 3.5 -0.2 Other & Balance 1.3 0.3 0.9 -1.7 0.2 1.6 -0.4 -0.8 -1.0 -0.2 Total Domestic Supply 86.3 63.4 67.7 79.7 74.2 96.0 68.4 69.8 83.4 79.4 LNG net exports 1.3 1.6 1.5 2.4 1.7 2.6 2.7 2.7 3.3 2.8 LNG Gross Imports 0.3 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2 LNG Gross Exports 1.6 1.8 1.7 2.6 1.9 2.9 2.9 2.9 3.5 3.0 Pipeline net imports 1.7 1.3 1.3 0.5 1.2 0.1 0.8 0.5 -0.1 0.3 Pipeline Gross Imports 8.9 7.8 7.7 7.4 7.9 8.3 7.8 7.5 7.0 7.6 Pipeline Gross Exports 7.2 6.5 6.4 6.9 6.8 8.2 7.0 7.0 7.1 7.3 End Period Wrkg Storage (ben 2.063 2.908 3,668 3.148 3.148 1.703 2.647 3,531 3.210 3,210 seen E<4 Page 56 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086615 CONFIDENTIAL SDNY_GM_00232799 EFTA01385331