Winter

Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Polar Vortex Drives Massive Gains for Natural Gas Forwards, but Rally Loses Momentum

Massive snowstorms and intensifying frigid air in the coming weeks amped up the gains for natural gas forwards in the final days of January into early February. March prices averaged 19.0 cents higher for the period, while solid export demand seen this summer (April-October) lifted the strip an average 8.0 cents, according to NGI’s Forward…

February 5, 2021
Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

Natural Gas Forwards Close Out 2020 with Steep Losses Amid Warm January Outlook

With Old Man Winter appearing to trade in his snow boots for flip flops, natural gas forward prices ratcheted up declines during the final week of 2020. February prices tumbled an average of 11.0 cents from Dec. 24 to 30, while the balance of winter (February-March) fell an average 9.0 cents, according to NGI’s Forward…

December 31, 2020
EIA Says Natural Gas Storage Closes Traditional Injection Season Near Record Levels

EIA Says Natural Gas Storage Closes Traditional Injection Season Near Record Levels

Lower 48 working natural gas in storage finished the traditional injection season — April 1–Oct. 31 — at 3,920 Bcf, near the record-high of 4,047 Bcf reached in 2016, the U.S. Energy Information Administration (EIA) said Monday. Storage has run high this fall in part because of diminished demand last spring amid lockdown orders put…

November 16, 2020
PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Says Power Generation Sufficient to Meet Winter Demand

PJM Interconnection expects to have ample resources to meet power demand this winter across its 13-state territory and the District of Columbia. The grid operator said it should have more than 186,000 MW of resources available to meet the projected peak demand of around 136,000 MW. PJM’s all-time winter peak is 143,295 MW, which was…

November 11, 2020
Covid-19 to Mean More Residential Heating Demand This Winter, EIA Says

Covid-19 to Mean More Residential Heating Demand This Winter, EIA Says

Changes in behavior due to the Covid-19 pandemic, along with colder temperatures, will result in greater residential natural gas consumption during the 2020/21 winter, according to a forecast from the Energy Information Administration (EIA). The EIA’s most recent projections show residential natural gas consumption averaging 21.1 Bcf/d from October 2020 through March 2021, a 5%…

November 2, 2020
Winter Natural Gas Prices Seen Rising into 2021 on Market’s Resilience Despite Pandemic

Winter Natural Gas Prices Seen Rising into 2021 on Market’s Resilience Despite Pandemic

Shrinking production, growing exports and somewhat colder weather should see this winter’s natural gas prices trend upward compared with last winter, even as the Covid-19 pandemic threatens to hinder demand, according to new projections from the Natural Gas Supply Association (NGSA). Total exports, both by way of liquefied natural gas (LNG) terminals and via pipeline…

October 1, 2020
U.S. LNG Exports Expected to Bounce Back, Near Capacity in Months Ahead

U.S. LNG Exports Expected to Bounce Back, Near Capacity in Months Ahead

U.S. liquefied natural gas (LNG) exports will likely reach capacity of roughly 10 Bcf/d by the winter after dropping to about 30% of capacity in July because of the demand devastation caused by Covid-19, analysts told NGI this week. Some analysts see capacity ramping through the end of the year, while others expect a sharp…

September 2, 2020
Argentina Taking Advantage of Cheap LNG in Preparation for Southern Cone Winter

Argentina Taking Advantage of Cheap LNG in Preparation for Southern Cone Winter

Despite growing domestic gas production from its Vaca Muerta formation and plans to develop large-scale liquefied natural gas (LNG) facilities, Argentina has ordered 11 LNG cargoes for the upcoming Southern Cone winter as prices for the super-chilled fuel continue to suffer from the demand shock of the coronavirus.

March 25, 2020

SoCalGas To Restart Downed Pipelines Amid Storage Concerns

Southern California Gas Co. (SoCalGas) plans to ramp up major transmission pipelines that have been idled as state regulators pressure the utility over its lack of natural gas in storage.

October 2, 2019
Blustery Winter Muscles In, Knocking Out Mild Conditions, Says Forecaster

Blustery Winter Muscles In, Knocking Out Mild Conditions, Says Forecaster

The eastern United States is on the cusp of a much colder pattern that is forecast to prevail in February and continue into March because of a central Pacific El Nino, which is seen slowly weakening through summer, according to forecaster DTN.

January 16, 2019
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