NATURAL GAS: EIA:NATURAL GAS STORAGE Last week was the first storage report in over a month with a higher injection than projected. Producers are bringing some assets online to prepare for a top 10 hot summer, and this production increase will help keep downward pressure on pricing. ELECTRICITY GENERATION SOURCES THE LAST TEN YEARS This…
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Details6-10 DAY AND 8-14 DAY OUTLOOK Look for cooling demand to increase as a large heat wave moves across the U.S. in the 6-10 and 8-14 day forecasts. The entire country will see higher-than-normal temperatures except for a small area centered around Kentucky and stretching to the Atlantic, but even the Northeast and the Gulf Coast will…
DetailsNATURAL GAS PRODUCTION Natural Gas had another disappointing injection of only 70 Bcf for the week ending 5/10. Production again came in under 100 Bcf/d, and we have had lower injections than the five-year average in seven of the last eight weeks. However, we still have a great surplus of over 30% compared to the five-year average…
DetailsNATURAL GAS STORAGE NATURAL GAS PRODUCTION Natural Gas production remains weaker than in the past few months, with output below 100 Bcf/d. The number of working dry gas rigs has dropped to the lowest since January 2022 (102 rigs). As producers continue to shut down operations, the amount we inject will also drop, and the…
DetailsPROBLEMS CONTINUE AT THE FREEPORT LNG FACILITY Persistent problems at the Freeport LNG facility have indeed impacted prices. However, there is a silver lining. Despite a freeze in January and subsequent mechanical issues, two of the three LNG trains are set to come back online. The third train is currently experiencing problems, resulting in Freeport taking in…
Details🌟 TPI Stays Ahead of the Energy Curve 🌟 This week, Constellation Energy had the privilege of joining TPI’s State of the Company meeting, where we delved into the heart of the energy markets. It was an electrifying experience! ⚡ Industry experts shared invaluable insights into the dynamic landscape of electricity pricing, future market trends,…
DetailsEIA: NATURAL GAS STORAGE A substantial injection of +92 Bcf kept pricing deflated for the near future. Part of that injection came from the almost total shutdown of the Freeport LNG facility due to maintenance issues. The facility, the second largest on the Gulf Coast, has a capacity of 2.6 Bcf/d in LNG exports but…
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