Winter

Natural gas futures exploded early Monday as weather models shifted colder with a double whammy of bitter wintry weather expected to sweep across the Lower 48 later this month. While subsequent model runs sapped quite a bit of momentum, the January Nymex gas futures contract still settled 34.2 cents higher at $6.587/MMBtu. February futures jumped…

Natural gas futures crumbled further on Monday as weather models continued to warm, perhaps even a bit too much. With production above 100 Bcf/d and Freeport LNG still offline, the January Nymex gas futures contract settled at $5.577/MMBtu, down a jaw-dropping 70.4 cents from Friday’s close. February futures slid 68.5 cents to $5.484. At A…

PJM Interconnection LLC, which serves 65 million across the Mid-Atlantic, said it is armed to combat winter, with adequate fuel and energy supplies to meet a forecast peak demand of about 137 GW. The regional transmission operator serves customers in Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West…

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into how Europe is working to fill the gap in natural gas supply ahead of winter. NGI’s Associate Editor Jacob Dick and Senior Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its…

Natural gas forward prices continued to strengthen during the Nov. 9-16 period amid a continuation of colder-than-normal temperatures ahead of the core of winter, according to NGI’s Forward Look. Gains (again) were most pronounced in New England, where rising heating demand and pipeline constraints combined to drive hefty premiums compared to the rest of the…

Natural gas futures edged higher again on Wednesday, extending a rally to three days, as traders ultimately paid more attention to robust heating demand than the protracted shutdown of a key export facility and the likelihood of a relatively robust storage injection. At A Glance: Cold weather remains at forefront Analysts expect large storage build…

Natural gas transporters are urging the Biden administration to pursue a long-term solution to New England’s energy security issues ahead of a potentially “perilous” winter season. In a letter to the White House on Monday, Interstate Natural Gas Association of America (INGAA) CEO Amy Andryszak called on the president to address “the root cause of…

After first announcing a partnership last year, National Grid plc and Copper Labs Inc. said they had demonstrated how targeted messaging can help customers reduce energy consumption during extreme weather events such as the bomb cyclone that tore through the East Coast in January. Copper Labs in March 2021 received $2 million in funding from…

Stronger cash prices, short-covering and caffeine following late-night celebrations as the Houston Astros swept the New York Yankees to advance to their fourth World Series in six years. Those were among the myriad reasons market observers gave for Monday’s recovery along the Nymex natural gas futures curve. At A Glance: HDDs added to long-range forecasts…