/*! elementor - v3.21.0 - 08-05-2024 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-d...
EIA: Henry Hub Spot Pricing Expectations
The EIA reported this week that it expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025.
Battery Storage Set to Double in 2024
The EIA reports that battery storage is set to more than double this year!
Energy Market Snapshot: January 3, 2023
NATURAL GAS MARKET PRODUCTION Natural gas production remains strong, consistently broaching or approaching 105 Bcf daily. These are record production numbers. Due to the record oil production, we are also seeing added secondary natural gas production, a byproduct of oil drilling. FUTURE LNG EXPORT FACILITIES We will need t...
EIA: Record Natural Gas Storage
The United States begins the winter with the most natural gas in storage since 2020! The story >>
Energy Market Snapshot: November 6, 2023
EIA: WEEKLY NATURAL GAS STORAGE The last two natural gas storage reports have shown a more robust injection than the five-year average, which is helping to keep the price of Natural Gas lower as mild weather has kept heat demand down. Projections of a mild winter due to a strong El Nino are also holding back gas prices. We are projec...
Market Snapshot: Monday, October 9, 2023
NATURAL GAS: NYMEX 12-MONTH ROLLING STRIP (NOV-OCT) In September, natural gas demand fell sharply in all sectors, from residential and commercial to industrial. This is likely due to mild weather throughout the country and no actual heat demand until this last week. Below average temps are moving across the country, so look for higher heati...
TPI Market Snapshot: Monday, October 2, 2023
ALL ABOUT THE NATURAL GAS MARKET: NATURAL GAS: HIGH DEMAND The higher gas demand is coming from three places. LNG exports are currently at just over 11 Bcf/d via ship and 5-6 Bcf/d via pipeline to Mexico. Higher demand for power. Especially from the Industrial sector. This has far surpassed anything in recent memory and is not onl...
Energy Market Snapshot: September 25, 2023
NATURAL GAS DEMAND WITH EXPORTS Even though we now have record natural gas production, we also have record demand for natural gas. When you add in the LNG exports, current demand is above 2022 and 2021 and higher than the five-year average and the five-year average range. Demand and exports have been higher this summer, which is the mai...
EIA: Natural Gas Market Retail Vs. Wholesale Pricing
Why do changes in retail natural gas prices lag in wholesale natural gas prices? Mainly due to the nature of utility regulation. So far this year, monthly average natural gas wholesale spot prices at the U.S. benchmark Henry Hub have generally declined. Still, these relatively low prices have not immediately translated into lower retail pri...
