August 8, 2022

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Gas Markets

Market Watch

September gas futures took a 5.9% dive Monday to $7.589 per million Btu, capping a 67.7¢ three-session retreat. The prompt month only hit a day-high $7.917 — 14.7¢ under Friday's close — as traders absorbed weekend revisions to weather models that show much cooler conditions for August and beyond. The 12-month strip fell 30.5¢ to $6.321; the 2023 calendar strip was off 18¢ to $5.423 (Futures contracts).

WTI September crude rose $1.75 to $90.76/bbl.

* * *

British Columbia's Westcoast Station 2 saw the most significant price move of the day, rising $2.02 to $3.54. Alberta benchmark Aeco rose 65¢ to $3.15. This compared to benchmark Henry Hub cash prices that were down 36¢ at $7.78. In the Northeast, Transco zone 6 New York went down 21¢ to average $7.70, while Boston-area Algonquin advanced 3¢ to average $8.44. In West Texas, cash prices at the Permian's Waha Hub rose 23¢ to average $7.07. Meanwhile, Rockies leader Kern/Opal fell 34¢ to $7.43, SoCal Citygate advanced 65¢ to average $10.22 and Northwest Sumas lost 29¢ to average $7.38 (Daily cash prices).

* * *

The proposed 13.5 million tons per year (1.85 Bcf/d) Port Arthur LNG terminal in Texas has gone from the back burner to the front burner, now with a proposed 5-to-10 million tons/yr Phase 2 on the drawing board. Justin Bird, head of Sempra’s LNG unit, said on the company's second-quarter earnings call last week it has full regulatory approval and "highly advanced" permitting and design work for Phase 2. Bird noted that Sempra has secured — for what is now called Phase 1 — heads of agreement with Germany's RWE, Poland's PGNIG and the UK's Ineos, and set up a strategic partnership framework with ConocoPhillips, under which Conoco would receive roughly half of the offtake volumes, or 5 million tons/yr, under a 20-year tolling type arrangement. Conoco would also potentially make a 30% equity investment in Phase 1.
Tom Haywood, Houston

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
Westcoast Station 2AECOSoCal CitygateEl Paso - South MainlineKern River DeliveredNGPL-MCIroquoisNGPL-TexOkTenn 500 So LA Z1Emerson-20%0%20%40%60%80%100%120%140%Westcoast Station 2AECOSoCal CitygateEl Paso - South MainlineKern River DeliveredNGPL-MCIroquoisNGPL-TexOkTenn 500 So LA Z1Emerson
Note: Aug 8' 22 versus prior day price: points moving up (10), down (66).
Natural Gas Spot Prices
Trade Date: Aug. 8, 2022 / Flow Date: Aug. 9, 2022
The above figures refer to volume-weighted averages for gas deals done today for tomorrow's flow, or weekend delivery on Friday trading, at each particular spot. Change reflects the difference from the previous published price. Composites reflect volume-weighted average for all deals done in the regional grouping. Daily Composite Spot Wellhead is a volume-weighted average for all producing area pipelines less gathering and processing costs. All prices are in $/MMBtu.

Critical Notices

Sort:
Count of Critical Notices in Last 7 Days
Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmissionCo.Natural GasPipeline Co.NorthwestPipelineNOVA GasTransmissionLtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC05101520253035404550Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmissionCo.Natural GasPipeline Co.NorthwestPipelineNOVA GasTransmissionLtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLC
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Aug 8, '22
Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23($/MMBtu)4.555.566.577.58Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23CurrentLast Month
Henry Hub
Change from prior day, Aug 5 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Aug 8 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Aug 5 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
342398373312506518695475406Jul 31Aug 1Aug 2Aug 3Aug 4Aug 5Aug 6Aug 7Aug 8(MMcf/d)0100200300400500600700800900100011001200Jul 31Aug 1Aug 2Aug 3Aug 4Aug 5Aug 6Aug 7Aug 8NortheastSoutheastTexasUpper MidwestWestTotalYear-Ago
Note: Source: US Nuclear Regulatory Commission's Daily Power Reactor Status Report and Energy Intelligence,Historical data available via EI New Energy Data

Gas Prices, Power Prices and Spark Spreads for Major Hubs

Marginal Heat Rates (Btu/kWh)
30 Jul 2231 Jul 22 1 Aug 22 2 Aug 22 3 Aug 22 4 Aug 22 5 Aug 2280001000012000140001600018000200002200030 Jul 2231 Jul 22 1 Aug 22 2 Aug 22 3 Aug 22 4 Aug 22 5 Aug 22Malin/COBSocal/Palo VerdeAlgonquin/NE PoolHouston SC - Katy/ErcotStanfield/Mid-Col.TZ6 NNY/PJM W
Note: Indicates the threshold heat rate for each gas/power pair. Below the MHR, gas-fired generation may be more cost effective vs. purchased power above. For holidays and weekends, the previous business day's values are displayed.
Gas, Power Prices & Spark Spreads for Generators Major Hubs

Renewable Energy

Gas Equivalent of Caiso Wind and Solar Output
30 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug(MW)0100020003000400050006000700080009000(MMcf/d)12001300140015001600170018001900200030 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 AugCAISO Solar PVCAISO Solar ThermalCAISO WindTOTAL gas equivalent (MMcf/d)TOTAL gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data



Gas Equivalent of Ercot Wind Output
29 Jul30 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug(MW)02000400060008000100001200014000160001800020000(MMcf/d)500100015002000250030003500400029 Jul30 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 AugWind Generation (MW)Gas equivalent (MMcf/d)Gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data



Gas Equivalent of PJM Renewable Output
29 Jul30 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 Aug(MW)010002000300040005000600070008000(MMcf/d)60070080090010001100120013001400150016001700180029 Jul30 Jul31 Jul 1 Aug 2 Aug 3 Aug 4 Aug 5 Aug 6 Aug 7 AugPJM SolarPJM HydroPJM WindPJM Other RenewablesTOTAL gas equivalent (MMcf/d)TOTAL gas equivalent (MMcf/d) - Last Year
Note: Historical data available via EI New Energy Data
Note: Historical data available via EI New Energy Data




Weather

Today's Short-Term Weather Forecast

Atlanta
Austin
Denver
Detroit
Las Vegas
Los Angeles
Minneapolis
Nashville
Philadelphia
Seattle
Washington
Boston
Orlando
New York
Leaflet | Weather from OpenWeatherMap
To change the layers on the map, click the icon to the left and choose the layer you want to display.
Layers available on weather map:
  • Temperature:
    Current ground temperature(in Fahrenheit).
  • Clouds:
    Displays the positions of the current cloud cover.
  • Precipitation:
    Displays current amount of falling water in liquid, sleet or snow form (in inches).
  • Wind speed:
    Displays the current wind speed(in knots).
  • Sea Level Pressure:
    Displays the current pressure at sea level(in millibars).
  • Snow:
    Displays the daily snow fall(in inches).
  • Rain:
    Displays today’s amount of rain fall(in inches).

Degree Days

Degree Days
2222312222312262322182272 August3 August4 August5 August6 August7 August8 August9 August0204060801001201401601802002202402 August3 August4 August5 August6 August7 August8 August9 AugustCDDHDDCDD AvgHDD Avg
Note: Cooling Degree Days is the sum of temperature variances above 65 degrees for 14 cities: Atlanta, Georgia, Austin, Texas, Denver, Colorado, Detroit, Michigan, Las Vegas, Nevada, Los Angeles, California, Minneapolis, Minnesota, Nashville, Tenn, Philadelphia, Pennsylvania, Seattle, Washington, Washington, DC, Boston, Massachusetts, Orlando, Florida, New York, New York. Heating Degree Days is the sum of temperature variances below 65 degrees for those same 14 cities.
Degree Days


Regional °F Degree Day Differentials
Values listed are the previous days' difference from the 5-year degree day average.

Ex: A value of -4° indicates previous days' degree days were 4 degrees below the 5-year average.

Northeast US
New York 7°
Orlando -1°
Boston 9°
Washington 5°
Seattle 6°
Philadelphia 9°
Nashville 3°
Minneapolis -6°
Los Angeles 5°
Las Vegas 2°
Detroit 5°
Denver 0°
Austin 0°
Atlanta -2°
Southeast US
New York 7°
Orlando -1°
Boston 9°
Washington 5°
Seattle 6°
Philadelphia 9°
Nashville 3°
Minneapolis -6°
Los Angeles 5°
Las Vegas 2°
Detroit 5°
Denver 0°
Austin 0°
Atlanta -2°

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