One point to make about anything Halliburton has to say about the shale gas plays: they don't make one penny from selling NG. They make their money by charging companies to drill for shale gas. As long as companies are contracting Halliburton to do the work they could care less about operator's profitability. Other then, of course, operators losing the financial motive to drill such wells.
I'll repeat some prior comments. I can be a little more open now that I'm no longer under contract to Devon. Not that that was a big secret but I didn't want folks to give my opinions excess credibility as I wasn't a Devon spokesman. Even before the NG price drop the profits from SG drilling were getting slim. Between ridiculous lease costs and ever increasing drilling/completion costs the profit motive was shrinking quickly. But for public companies in the NG production biz replacing and increasing the reserve base was more critical then profitability. Might not make sense to some but that's how Wall Street values such companies. Disappoint WS in this matter and your stock price suffers. And the boards gets unhappy and management suffers.
There is absolutely no new significant NG development on the horizon. Doesn't matter if most companies see a demand (and price) increase a few years out. There is virtually no significant capital for such efforts today. Except, of course for my new company (and a very few more) that is buying up world class NG drilling prospects at bargain prices right now. We've got $300 million targeted for the drill bit over the next several years. Our owner has made his past fortunes in the commodity markets and sees the current situation as one of the greatest potential in his very long career. Same old saw on how to make money in any market: buy low --sell high. A simple plan: build FF reserves now while drilling and project acquisition costs are cheap and wait for the inevitable price spike and then cash out the company before we throw ourselves into another energy driven recession. Thank goodness my odd habit of being the most successful during industry downturns is still in place. If all goes to plan I'll be heading to the house permanently in a few years. I'm ready: this rollercoaster career has taken its toll. If I were a smarter person I would have found a more stable career then geologist but I was doomed from my earliest days when I found rocks very interesting.

I'll need to look at this a bit more but at first glance it doesn't look very accurate to me - at least not on a European individual country level (Norway consumption down 47.1% YTD for example?). Taking it up to OECD regions it looks a bit more realistic.

OECD North America -4.2% YTD
OECD Pacific -8.6% YTD
OECD Europe -8.5%

If the North America has lower gas prices than most of the world, the numbers look reasonable to me (ignoring all of the bouncing around).

OK, here is a graph built from the EIA data

Ok, first off this is actually IEA data not EIA data even though it is linked on the EIA site but it is not accurate on a country level - I've never looked at this report before but I'll try to find time to dig into it later but, for example, Germany is shown only down 1.2% YTD

This from Bloomberg on German consumption.

RWE First-Half Profit Gains 4.7% on Locked-in Tariffs

Power, Gas Demand

Power demand dropped 6 percent to 262 terawatt-hours in the first half, while gas consumption retreated 11 percent to 469 terawatt-hours on lower use by industry, according to BDEW data.

But the bottom line remains that there has been far less of an apparent consumption drop in the US than there has been elsewhere even though prices seem comparable.