March 14, 2023

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Gas Markets

Market Watch

After starting the week with a 7% rally, the April Nymex gas futures contract pulled back slightly Tuesday to settle at $2.573 per million Btu, down 3.3¢. “The natural gas market is still in an impressive recovery mode,” Price Futures Group analyst Phil Flynn said in a report Tuesday. “Cold weather, along with LNG export expectations rising, are giving the market a boost.” But Gelber & Associates said once the current winter storm passes, “weather will remain relatively mild as we push into summer. Furthermore, warm temperatures are expected to linger with climate patterns moving into the current El Nino formation.”

The 12-month strip slid 5.3¢ to $3.334; the 2024 strip climbed 2.2¢ to $3.755 (Futures contracts).

* * *

Algonquin saw the most significant price move of the day, falling $1.19 to $3.05. This compared to benchmark Henry Hub cash prices that were up 21¢ at $2.64. In the Northeast, Transco zone 6 New York went down 11¢ to average $2.61, while Boston-area Algonquin declined $1.19 to average $3.05. In West Texas, cash prices at the Permian's Waha Hub fell 15¢ to average $1.27. Meanwhile, Rockies leader Kern/Opal rose 34¢ to $5.78, SoCal Citygate advanced 63¢ to average $7.09 and Northwest Sumas gained 74¢ to average $3.83. In Canada, Alberta benchmark Aeco fell 3¢ to $2.29. (Daily cash prices).

* * *

The US Department of Energy (DOE) said it will provide nearly $47 million in funding for 22 research projects aimed at measuring, monitoring and reducing methane emissions from US oil and gas operations. “Methane is a much more potent greenhouse gas than carbon dioxide, making methane reduction a critical part of our nation’s long-term climate solution,” said Secretary of Energy Jennifer Granholm. “The projects announced today will help DOE accelerate the deployment of technology that detects and reduces methane emissions across the oil and gas sector.” The selected projects will advance technologies under five areas: methane mitigation from upstream and midstream sources; surface-based methane monitoring and measurement networks; basin-specific needs to reduce emissions; Integrated methane monitoring platform design; and Investigation of emissions from storage tanks.

Everett Wheeler, Washington and Mark Davidson

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
El Paso BondadNW SumasEl Paso San JuanKern - Wheeler RidgeSoCal CitygateWaha HubNW RockiesIroquois Zone 2Tenn Gas Zone 6Algonquin-30%-25%-20%-15%-10%-5%0%5%10%15%20%25%El Paso BondadNW SumasEl Paso San JuanKern - Wheeler RidgeSoCal CitygateWaha HubNW RockiesIroquois Zone 2Tenn Gas Zone 6Algonquin
Note: Mar 14' 23 versus prior day price: points moving up (31), down (51).
Natural Gas Spot Prices
Trade Date: Mar. 14, 2023 / Flow Date: Mar. 15, 2023
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 GasTransmission Co.Natural GasPipeline Co.NOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipeline Company,LLC05101520253035404550Algonquin GasTransmissionColumbia GasTransmissionEl Paso NaturalGasKern River GasTransmission Co.Natural GasPipeline Co.NOVA GasTransmission LtdTennessee GasPipeline Co.Texas EasternTransmissionTranscoTranswesternPipeline Company,LLC
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Mar 14, '23
Apr'23May'23Jun'23Jul'23Aug'23Sep'23Oct'23Nov'23Dec'23Jan'24Feb'24Mar'24($/MMBtu)2.62.833.23.43.63.844.2Apr'23May'23Jun'23Jul'23Aug'23Sep'23Oct'23Nov'23Dec'23Jan'24Feb'24Mar'24CurrentLast Month
Henry Hub
Change from prior day, Mar 13 '23


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Mar 14 '23

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Mar 13 '23

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
203919741974193819642558248823642286Mar 6Mar 7Mar 8Mar 9Mar 10Mar 11Mar 12Mar 13Mar 14(MMcf/d)02004006008001000120014001600180020002200240026002800Mar 6Mar 7Mar 8Mar 9Mar 10Mar 11Mar 12Mar 13Mar 14NortheastSoutheastTexasUpper 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)
7 Mar 23 8 Mar 23 9 Mar 2310 Mar 2311 Mar 2312 Mar 2313 Mar 238000100001200014000160001800020000220002400026000 7 Mar 23 8 Mar 23 9 Mar 2310 Mar 2311 Mar 2312 Mar 2313 Mar 23Malin/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
5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 Mar(MW)01000200030004000500060007000(MMcf/d)12001250130013501400145015001550160016501700 5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 MarCAISO 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
4 Mar 5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 Mar(MW)0200040006000800010000120001400016000180002000022000(MMcf/d)100015002000250030003500400045005000 4 Mar 5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 MarWind 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
4 Mar 5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 Mar(MW)01000200030004000500060007000800090001000011000(MMcf/d)10001200140016001800200022002400 4 Mar 5 Mar 6 Mar 7 Mar 8 Mar 9 Mar10 Mar11 Mar12 Mar13 MarPJM 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
2732502462592782763002588 March9 March10 March11 March12 March13 March14 March15 March0501001502002503008 March9 March10 March11 March12 March13 March14 March15 MarchCDDHDDCDD 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 DifferentialsValues 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 -1°
Boston 0°
Washington -11°
Seattle 0°
Philadelphia -8°
Nashville -14°
Minneapolis -14°
Los Angeles -4°
Las Vegas 0°
Detroit -12°
Denver 11°
Austin -8°
Atlanta -21°
Southeast US
New York -5°
Orlando -1°
Boston 0°
Washington -11°
Seattle 0°
Philadelphia -8°
Nashville -14°
Minneapolis -14°
Los Angeles -4°
Las Vegas 0°
Detroit -12°
Denver 11°
Austin -8°
Atlanta -21°

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