December 21, 2022

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Gas Markets

Market Watch

A heavily oversold January gas futures contract tried to reverse a three-session $1.644 plunge Wednesday, but by the end of trading had only gained 0.6¢ to $5.332/MMBtu. Modest losses were seen from the March contract on. The 12-month strip fell 2¢ to $4.872; the 2024 calendar strip was down 2.7¢ to $4.541 (Futures contracts).

WTI February crude jumped $2.06 to $78.29/bbl on its first day as prompt month.

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Analysts are anticipating a smaller-than-normal 93 billion cubic foot withdrawal from storage for the week ended Dec. 16 when the Energy Information Administration reports data Thursday. That would lower inventories to 3,319 Bcf, about 0.5% below the five-year average. The Reuters poll consensus compares with a five-year average draw of 124 Bcf and the year-ago pull of 60 Bcf. Last week, temperatures brought heating degree days to 163, below the 171 HDD 30-year average for the period, Reuters reports. Models for the week ending Dec. 23 are for an 188 Bcf withdrawal, with a range from 86 Bcf to 207 Bcf. That compares with a five-year average withdrawal of 106 Bcf and year-ago decrease of 125 Bcf.

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As a major arctic front sweeps across its Central US markets, Rockies pipeline CIG saw the most significant price move of the day, rising $32.67 to $39.23. Rockies leader Kern/Opal rose $26.72 to $51.18. This compared to benchmark Henry Hub cash prices that were up 78¢ at $6.02. In the Northeast, Transco zone 6 New York went down $1.52 to average $6.19, while Boston-area Algonquin declined $3.89 to average $6.58. In West Texas, cash prices at the Permian's Waha Hub rose $2.69 to average $6.47. Meanwhile, SoCal Citygate advanced $20.35 to average $48.04 and Northwest Sumas gained $26.88 to average $52.53. In Canada, Alberta benchmark Aeco rose 33¢ to $5.19 (Daily cash prices).

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Price notice: Due to a revision by a data provider, Energy Intelligence is revising its daily pricing at Oneok for trade day Dec. 19, 2022.

The revised pricing is: Low: $5.15; High: $6.00; Average: $5.16; Volume: 14,400 and Deals: 4.

Everett Wheeler, Washington and Tom Haywood, Houston

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
CIGNNG DemarcCheyenne HubNB Ventura TPNNG VenturaTransco Z6 - NYTetco M3AlgonquinTenn Gas Zone 6Iroquois Zone 2-50%0%50%100%150%200%250%300%350%400%450%500%550%CIGNNG DemarcCheyenne HubNB Ventura TPNNG VenturaTransco Z6 - NYTetco M3AlgonquinTenn Gas Zone 6Iroquois Zone 2
Note: Dec 21' 22 versus prior day price: points moving up (73), down (9).
Natural Gas Spot Prices
Trade Date: Dec. 21, 2022 / Flow Date: Dec. 22, 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 GasTransmissionEastern GasTransmissionEl Paso NaturalGasKern River GasTransmissionCo.Natural GasPipeline Co.NorthwestPipelineNOVA GasTransmissionLtdPanhandleEasternPipeline Co.Tennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipelineCompany, LLCTrunkline GasCo.051015202530354045505560Algonquin GasTransmissionEastern GasTransmissionKern River GasTransmissionCo.NorthwestPipelinePanhandleEasternPipeline Co.Texas EasternTransmissionTranswesternPipelineCompany, LLCColumbia GasTransmissionEl Paso NaturalGasNatural GasPipeline Co.NOVA GasTransmissionLtdTennessee GasPipeline Co.TranscoTrunkline GasCo.
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Dec 21, '22
Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23Sep'23Oct'23Nov'23Dec'23($/MMBtu)4.555.566.577.58Jan'23Feb'23Mar'23Apr'23May'23Jun'23Jul'23Aug'23Sep'23Oct'23Nov'23Dec'23CurrentLast Month
Henry Hub
Change from prior day, Dec 20 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Dec 21 '22

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Dec 20 '22

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
954956922105912581068729898835Dec 13Dec 14Dec 15Dec 16Dec 17Dec 18Dec 19Dec 20Dec 21(MMcf/d)020040060080010001200Dec 13Dec 14Dec 15Dec 16Dec 17Dec 18Dec 19Dec 20Dec 21NortheastSoutheastTexasUpper 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)
14 Dec 2215 Dec 2216 Dec 2217 Dec 2218 Dec 2219 Dec 2220 Dec 2240005000600070008000900010000110001200013000140001500014 Dec 2215 Dec 2216 Dec 2217 Dec 2218 Dec 2219 Dec 2220 Dec 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
12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec(MW)05001000150020002500300035004000450050005500(MMcf/d)50060070080090010001100120012 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 DecCAISO 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
11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec(MW)02000400060008000100001200014000160001800020000(MMcf/d)10001500200025003000350040004500500011 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 DecWind 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
11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec(MW)0100020003000400050006000700080009000(MMcf/d)800100012001400160018002000220011 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 DecPJM 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
31231335339639937240940115December16December17December18December19December20December21December22December05010015020025030035040015December16December17December18December19December20December21December22DecemberCDDHDDCDD 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 2°
Boston -4°
Washington -7°
Seattle -17°
Philadelphia -5°
Nashville -6°
Minneapolis -26°
Los Angeles -1°
Las Vegas -2°
Detroit -8°
Denver -15°
Austin -10°
Atlanta -7°
Southeast US
New York -7°
Orlando 2°
Boston -4°
Washington -7°
Seattle -17°
Philadelphia -5°
Nashville -6°
Minneapolis -26°
Los Angeles -1°
Las Vegas -2°
Detroit -8°
Denver -15°
Austin -10°
Atlanta -7°

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