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Natural gas prices surged more than 20% on Monday after a wave of forecasts over the weekend predicted incoming arctic air could set the U.S. up for the coldest January in a decade or more.
The Energy Information Administration predicts US natural gas output will hit a record high this year. In the last week of November, natural gas storage was up 7.3 % from a year ago, and about 6.7 ...
Lower-than-normal stockpile levels and robust LNG consumption are likely to spur natural gas prices. The upward trend should aid gas-weighted producers like SBOW, RRC, and CRK.
Natural Gas Weekly Update: Weekly summary and discussion of events and trends in U.S. natural gas markets. [12] Data and Surveys Gasoline and Diesel Fuel Update: Weekly price data for U.S. national and regional averages. Monthly Energy Review: Provides statistics on monthly and annual U.S. energy consumption going back in some cases to 1949.
Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns. Depleted gas or oil fields are the cheapest to commission, as they take advantage of existing wells, internal distribution systems, and pipeline connections. They are also widely available. [4]
An intense hot weather will spur cooling demand in homes and business, and ease pressure on storage injection levels, bolstering natural gas prices.
Gas storage facilities are gaining more importance due to changes in natural gas demands. First, traditional supplies that once met the winter peak demand are now unable to keep pace. Second, there is a growing summer peak demand on natural gas, due to electric generation via gas fired power plants .
The We Energies liquefied natural gas storage tank is nearing completion in Ixonia on Friday, Dec. 15, 2023. It’s one of two giant liquid natural gas storage tanks that are going online this ...