December 27, 2022

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Gas Markets

Market Watch

January gas futures rallied 20.3¢ Tuesday to $5.282/MMBtu as the contract prepares to roll off the board on Wednesday. The contract has clawed back 28.3¢ in the last two sessions, though it is still down $1.624 since it began a sharp dive on Dec. 16. The 12-month strip was up 5.3¢ to $4.573; the 2024 calendar strip was up 2.8¢ to $4.355 (Futures contracts).

WTI February crude edged down 3¢ Tuesday to $79.53/bbl.

* * *

As the eastern US cold snap moderates, Southeast gas supply hub Transco Zone 5 saw the most significant price move of the day, falling $47.42 to $6.59. This compared to benchmark Henry Hub cash prices that were down $1.25 at $4.89. In the Northeast, Boston-area Algonquin declined $18.66 to average $16.89. In West Texas, cash prices at the Permian's Waha Hub fell $4.08 to average $1.18. Meanwhile, Rockies leader Kern/Opal fell $9.15 to $25.14, SoCal Citygate declined $8.38 to average $29.50 and Northwest Sumas was flat to average $21.57. In Canada, Alberta benchmark Aeco fell 18¢ to $4.28 (Daily cash prices).
* * *

Feed gas intake by most US LNG export terminals dropped sharply last week as an unusually cold Arctic incursion into the eastern US froze wells and vital infrastructure from North Dakota and Appalachia to the major Gulf Coast plays in Texas and Louisiana. As temperatures dropped into the single digits and teens last week from Texas to the Carolinas. US LNG terminals took in roughly 3.3 Bcf/d less in feed gas on Dec. 23, with curtailments most severe at Venture Global’s Calcasieu Pass operation in Louisiana. At the height of the cold snap from Dec. 23-26, intake at the terminal averaged 467 MMcf/d, a fourth of its usual supply. Dry gas production, which fell roughly 16 billion cubic feet per day on Dec. 24, climbed to around 90 Bcf/d by Dec. 26, or 10% below pre-freeze dry gas production close to 100 Bcf/d, Bloomberg estimates.

Everett Wheeler, Washington and Tom Haywood, Houston

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
Tennessee Zone 4 300 leg, receiptsEl Paso - South MainlineTennessee Zone 4 313 poolEastern Gas SouthEastern Gas NorthTetco M3Waha HubEl Paso PermianTransco Z6 - Non-NYTransco Zone 5-90%-80%-70%-60%-50%-40%-30%-20%-10%0%10%20%30%Tennessee Zone 4 300 leg, receiptsEl Paso - South MainlineTennessee Zone 4 313 poolEastern Gas SouthEastern Gas NorthTetco M3Waha HubEl Paso PermianTransco Z6 - Non-NYTransco Zone 5
Note: Dec 27' 22 versus prior day price: points moving up (6), down (72).
Natural Gas Spot Prices
Trade Date: Dec. 27, 2022 / Flow Date: Dec. 28, 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 Natural GasKern River GasTransmission Co.Natural GasPipeline Co.NOVA GasTransmission LtdPanhandle EasternPipeline Co.Tennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipeline Company,LLC051015202530354045505560Algonquin GasTransmissionColumbia GasTransmissionEl Paso Natural GasKern River GasTransmission Co.Natural GasPipeline Co.NOVA GasTransmission LtdPanhandle EasternPipeline Co.Tennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipeline Company,LLC
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Dec 27, '22
Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23Aug '23Sep '23Oct '23Nov '23Dec '23($/MMBtu)44.555.566.577.5Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23Aug '23Sep '23Oct '23Nov '23Dec '23CurrentLast Month
Henry Hub
Change from prior day, Dec 23 '22


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Dec 27 '22

Spot Cash Electricity Prices

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

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
729898835806669828733506356Dec 19Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27(MMcf/d)0100200300400500600700800900Dec 19Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27NortheastSoutheastTexasUpper 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)
18 Dec 2219 Dec 2220 Dec 2221 Dec 2222 Dec 2223 Dec 2224 Dec 2250006000700080009000100001100012000130001400018 Dec 2219 Dec 2220 Dec 2221 Dec 2222 Dec 2223 Dec 2224 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
18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 Dec(MW)050010001500200025003000350040004500(MMcf/d)50060070080090010001100120013001400150018 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 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
17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 Dec(MW)0200040006000800010000120001400016000180002000022000(MMcf/d)50010001500200025003000350040004500500017 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 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
17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 Dec(MW)01000200030004000500060007000800090001000011000(MMcf/d)8001000120014001600180020002200240017 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25 Dec26 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
40441950055948443538231921 December22 December23 December24 December25 December26 December27 December28 December05010015020025030035040045050055060021 December22 December23 December24 December25 December26 December27 December28 DecemberCDDHDDCDD 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 -5°
Orlando -12°
Boston -2°
Washington -6°
Seattle 12°
Philadelphia -6°
Nashville -17°
Minneapolis -5°
Los Angeles 4°
Las Vegas 10°
Detroit -11°
Denver 15°
Austin -16°
Atlanta -13°
Southeast US
New York -5°
Orlando -12°
Boston -2°
Washington -6°
Seattle 12°
Philadelphia -6°
Nashville -17°
Minneapolis -5°
Los Angeles 4°
Las Vegas 10°
Detroit -11°
Denver 15°
Austin -16°
Atlanta -13°

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