NYISO and ISO NE markets are slightly down from last week. PJM continues to see elevated prices, up from what we have seen historically.
Underlying NYMEX was up from previous week. Warmer than normal temperatures are predicted for future summer months, creating a strong deviation in all markets
Natural Gas Markets
June 2022 NYMEX closed at $8.908. Near term pricing increased about $0.40 from last week, while 2024 remains flat.
Futures as of 5/25/2022 versus previous week:
Natural Gas Inventory
Working gas in storage was 1,812 Bcf as of Friday, May 20, 2022. According to EIA estimates this represents a net increase of 80 Bcf from the previous week.
The Baker Hughes exploration gas count came in at 151 this week, which is up two from last week. There are 53 more rigs in service compared to this time last year.
The Northern half of the country will see below normal temperatures, whereas the Southern half will be above normal.
National Weather Service Updates (NOAA)
Hurricane Watch: Click here to view the National Hurricane Center site.
Equatorial Pacific Outlook: Click here to view La Nina and El Nino status.
Natural-Gas Prices Surge as Summer Cooling Season Switches On.
Natural-gas prices are heating up ahead of air-conditioning season, hitting the highest level in about 14 years
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Disclaimer: This information is provided for the use of our customers and potential customers. Power Management Company assumes no responsibility or liability for the accuracy or completeness of pricing or information in this document. Historical data was obtained from sources that we believe to be reliable, but we do not guarantee its accuracy or completeness. It is not intended to provide advice or recommendation. Views are subject to change.