EIA’s Natural Gas Weekly Update from April 14th reported that withdrawals this winter from underground storage facilities in the Lower 48 states were 10.6% above the five-year average (2016-20) leaving inventories at 1.778 Tcf as of March 31st, 2021. At the start of the heating season on November 1st, storage levels exceeded the five-year average…
Winter storm Uri and other smaller systems from the mid-February demand spike led to the second-largest withdrawal of natural gas from storage according to EIA’s weekly Natural Gas Storage Report. In the week ending February 19th, 338 billion cubic feet (Bcf) of natural gas was pulled from storage nearly tripling the average withdrawal in that…
Natural gas prices had a historic run last week as Winter Storm Uri moved across the United States. The storm overwhelmed power grids and immobilized the South while carrying heavy snow and freezing rain into the Northeast. Extreme cold weather triggered blackouts and caused liquids to freeze in pipes forcing wells and processing plants to…
The U.S. Energy Information Administration pegged the total amount of working natural gas in storage for the Lower 48 states at 3.92 Tcf as of October 31st, the traditional end of the injection season. This figure was slightly below the record-high value of 4.047 Tcf which was reached in November 2016. Net injections total 1.914…
With a La Nina climate pattern expected to linger through this upcoming winter, NOAA anticipates a typical cooler/wetter North and a warmer/drier South. Most below-normal temperatures are favored in the Pacific Northwest into the Northern Plains. Michigan has an equal chance of below, near, or above-average temperatures. The Midwest, particularly the Great Lakes into the…
Three-Month Temperature Outlook (November-December-January 2020-21) Three-Month Precipitation Outlook (November-December-January 2020-21)
According to the U.S. Energy Information Administration’s monthly report, consumption of natural gas in the U.S. industrial sector declined from 25.4 billion cubic feet per day (Bcf/d) in January 2020 to a 20.1 Bcf/d average in June 2020. Overall, industrial consumption in June was down 1 Bcf/d from the same month last year. Most of…
Natural gas consumed by electric power plants set a record high of 46.7 billion cubic feet on Monday, July 27th according to data from S&P Global Platts. That same day natural gas-fired capacity reached an all-time high (dispatch level) of 315,989 megawatts in the late afternoon. The new record can be attributed to low natural…
The U.S. Energy Information Administration reported that natural gas-fired power generation in the Lower 48 states was 9% higher in the first half of 2020 compared to 2019. The uptick can be attributed to the recent price fallout and natural gas-fired capacity additions. Overall electricity generation was down 5% in the first half of 2020…
The U.S. Energy Information Administration (EIA) reported that underground natural gas storage capacity for the Lower 48 states has remained relatively unchanged in 2019. Design capacity, which is the engineering estimates, has held consistent near 4.6 Tcf. Demonstrated peak capacity which is calculated as the total of the highest storage levels reached by each storage…