August 16, 2022

WWW.ENERGYINTEL.COM

Gas Markets

Market Watch


US natural gas futures bolted above $9 per million Btu Tuesday, regaining the ground lost in the wake of the Jun. 8 explosion and fire that shut down Freeport LNG. The September gas contract soared 60.1¢ to $9.329/MMBtu, having climbed $1.74 since last Monday. Trailing contracts through February also adopted $9 handles. The question is whether the rally can hold given increasingly bearish drivers. The 12-month strip rose 41.4¢ to $7.60; the 2023 calendar strip was up 28.7¢ to $6.374 (Futures contracts).

WTI September crude fell $2.88 to $86.21/bbl.


* * *

The Canadian border crossing at Emerson saw the most significant price move of the day, rising 86¢ to $7.43. Alberta benchmark Aeco rose 31¢ to $2.92. This compared to benchmark Henry Hub cash prices that were up 71¢ at $9.27. In the Northeast, Transco zone 6 New York went up 66¢ to average $8.33, while Boston-area Algonquin advanced 83¢ to average $8.39. In West Texas, cash prices at the Permian's Waha Hub rose 80¢ to average $8.47. Meanwhile, Rockies leader Kern/Opal rose 63¢ to $8.79, SoCal Citygate declined 33¢ to average $12.13 and Northwest Sumas gained 67¢ to average $8.75 (Daily cash prices).

* * *

European majors Shell and Equinor are partnering to pursue a “collaborative clean energy hub” concept in the Marcellus Shale with manufacturer US Steel. The hub would focus on carbon capture and hydrogen technology in Ohio, West Virginia and Pennsylvania, the companies said this week. Equinor operates in the Marcellus, while Shell is constructing a petrochemical in Pennsylvania that will use shale gas as feedstock. The news follows a similar but separate agreement announced in February to develop a CCS and hydrogen hub in the region. Shell, Equinor and US Steel were partners in that deal, along with EQT, Marathon Petroleum, GE Gas Power and Mitsubishi Power.

Tom Haywood, Houston

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
EmersonAECOMillennium Pipeline Co., East ReceiptsEl Paso PermianEastern Gas South SoCal BorderSoCal CitygateEl Paso - South MainlineWestcoast Station 2-15%-10%-5%0%5%10%15%EmersonAECOMillennium Pipeline Co., East ReceiptsEl Paso PermianEastern Gas South SoCal BorderSoCal CitygateEl Paso - South MainlineWestcoast Station 2
Note: Aug 16' 22 versus prior day price: points moving up (69), down (4).
Natural Gas Spot Prices
Trade Date: Aug. 16, 2022 / Flow Date: Aug. 17, 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, LLC051015202530354045505560Algonquin 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 16, '22
Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23($/MMBtu)4.555.566.577.588.599.510Sep'22Oct'22Nov'22Dec'22Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23CurrentLast Month
Henry Hub
Change from prior day, Aug 15 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Aug 16 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Aug 15 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
406175129866272277287305Aug 8Aug 9Aug 10Aug 11Aug 12Aug 13Aug 14Aug 15Aug 16(MMcf/d)0100200300400500600700Aug 8Aug 9Aug 10Aug 11Aug 12Aug 13Aug 14Aug 15Aug 16NortheastSoutheastTexasUpper 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)
9 Aug 2210 Aug 2211 Aug 2212 Aug 2213 Aug 2214 Aug 2215 Aug 2280001000012000140001600018000200002200024000 9 Aug 2210 Aug 2211 Aug 2212 Aug 2213 Aug 2214 Aug 2215 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
7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug(MW)010002000300040005000600070008000(MMcf/d)1500155016001650170017501800185019001950200020502100 7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 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
6 Aug 7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug(MW)02000400060008000100001200014000(MMcf/d)50010001500200025003000350040004500 6 Aug 7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 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
6 Aug 7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug(MW)01000200030004000500060007000(MMcf/d)800900100011001200130014001500160017001800 6 Aug 7 Aug 8 Aug 9 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 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
20619918115115716214715110 August11 August12 August13 August14 August15 August16 August17 August02040608010012014016018020022010 August11 August12 August13 August14 August15 August16 August17 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 -2°
Orlando 1°
Boston -3°
Washington -4°
Seattle 3°
Philadelphia -2°
Nashville -6°
Minneapolis 0°
Los Angeles 1°
Las Vegas -2°
Detroit -1°
Denver -8°
Austin -1°
Atlanta -3°
Southeast US
New York -2°
Orlando 1°
Boston -3°
Washington -4°
Seattle 3°
Philadelphia -2°
Nashville -6°
Minneapolis 0°
Los Angeles 1°
Las Vegas -2°
Detroit -1°
Denver -8°
Austin -1°
Atlanta -3°

Copyright Notice

Copyright © 2022 by Energy Intelligence Group, Inc. Gas Market Reconnaissance is a trademark of Energy Intelligence. All rights reserved. Access, distribution and reproduction are subject to the terms and conditions of the subscription agreement and/or license with Energy Intelligence. Access, distribution, reproduction or electronic forwarding not specifically defined and authorized in a valid subscription agreement or license with Energy Intelligence is willful copyright infringement. Additional copies of individual articles may be obtained using the pay-per-article feature offered at www.energyintel.com.


Sales: sales@energyintel.comCustomer Service: customerservice@energyintel.com