Weekly Storage Report 3/28/2019
Working gas in storage was 1,107 Bcf as of Friday, March 22, 2019, according to EIA estimates.
This represents a net decrease of 36 Bcf from the previous week. Stocks were 285 Bcf less than last year at this time and 551 Bcf below the five-year average of 1,658 Bcf. At 1,107 Bcf, total working gas is within the five-year historical range
Weekly Storage Report 3/21/2019
Working gas in storage was 1,143 Bcf as of Friday, March 15, 2019, according to EIA estimates.
This represents a net decrease of 47 Bcf from the previous week. Stocks were 315 Bcf less than last year at this time and 556 Bcf below the five-year average of 1,699 Bcf. At 1,143 Bcf, total working gas is within the five-year historical range.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 1,705 Bcf as of Friday, February 15, 2019, according to EIA estimates.
This represents a net decrease of 177 Bcf from the previous week. Stocks were 73 Bcf less than last year at this time and 362 Bcf below the five-year average of 2,067 Bcf. At 1,705 Bcf, total working gas is within the five-year historical range.
Natural gas prices spike on cold weather and lowest early season supply in 15 years
Natural gas storage is at a 5 year low and we have a brief cold spell….so natural gas traders have run the market up.
In the graph below, the thick blue line is the current season… this is well below the 5 year average.
Natural gas prices have moved to their highest since Feb 2018.
…due to a little cold weather.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information:
http://www.thonline.com/news/tri-state/article_13b4f4e3-3b47-555c-a828-8e1ef4ffac2c.html
Natural Gas Forecast
U.S. dry natural gas production is forecast to average 73.5 billion cubic feet per day (Bcf/d) in 2017, a 1.2 Bcf/d increase from the 2016 level. Natural gas production in 2018 is forecast to be 3.9 Bcf/d above the 2017 level.
In July, the average Henry Hub natural gas spot price was $2.98 per million British thermal units (MMBtu), about the same as in June. Higher natural gas exports and growing domestic natural gas consumption in 2018 contribute to the forecast Henry Hub natural gas spot price rising from an annual average of $3.06/MMBtu in 2017 to $3.29/MMBtu in 2018. NYMEX contract values for December 2017 delivery that traded during the five-day period ending August 3 suggest that a range of $2.17/MMBtu to $4.48/MMBtu encompasses the market expectation for December Henry Hub natural gas prices at the 95% confidence level.
DOE EIA Weekly Gas Storage Report
Working gas in storage was 3,125 Bcf as of Friday, August 18, 2017, according to EIA estimates.
This represents a net increase of 43 Bcf from the previous week. Stocks were 223 Bcf less than last year at this time and 45 Bcf above the five-year average of 3,080 Bcf. At 3,125 Bcf, total working gas is within the five-year historical range
How Liquefied Natural Gas Will Transform Global Energy Markets
When it comes to natural gas, you might be more familiar with its usage in homes as well as within power and manufacturing areas. It is also used as vehicle fuel with a lesser awareness but is becoming more common. By liquefying natural gas, we can now overcome the inconvenience we had with transporting it.
Due to America’s gas production increasing, we are now predicted to be in the top three by 2020 for natural gas exporters. The International Energy Agency predicts most of the worldwide long-distance gas trade will be by LNG rather than pipeline by 2040. This means more competition and will cause global gas markets to be better for the majority. The U.S. is predicted to emerge as a superpower and will better many aspects connected to the natural gas market.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan and Indiana. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Additional Information:
Natural gas prices have changed 25% in 4 weeks!
Does the words “Polar Vortex” strike fear into you?
If so, this CNBC article, Wild ride for natural gas signals volatile winter ahead, describes record production of natural gas and the forecast of colder weather similar to last winter.
So, the winter forecast is cold and there is abundant natural gas…..the question is at what price.
To avoid the uncertainty of winter gas prices Realgy offers:
Storage service’ “Winter gas at Summer prices” and PriceWatchTM (fixed price)
Please contact our Customer Service department for additional information at 877-300-6747 x1000
Read the whole CNBC article “Wild ride for natural gas signals volatile winter ahead”
Storage Season is here!
The natural gas you have stored starting April 1st running through October 31st will begin to be added into your monthly natural gas usage from November 1st through March 31st.
You have probably noticed your summer bills were a little higher than normal, this is because Realgy Energy Services has been storing 20% of your natural gas annual usage at the lower summer rates, to be used during the winter months when the demand and more importantly the pricing for natural gas historically increase.
You may be asking do I have natural gas in storage, and if so how much?
If you are a customer of Realgy Energy Services and you live in Indiana or Illinois and are services by one of the following Utilities: Nicor, Nipsco, North Shore and Peoples Gas.
You most likely have natural gas in storage.
To find out how much natural gas you have in storage you can either:
Log into your account and view your account summary
Call one of our customer services representatives at (877) 300 6747
Enjoy the saving that the Realgy Energy Services Storage Program provides and have a wonderful toasty warm winter!
PriceWatch™ and Natural Gas Storage Season
It is that time of the year when Realgy Energy Services starts to send out our PriceWatch™ emails; look for it in your email anytime from October to November. Supplies of natural gas in storage begin to be applied to your monthly natural gas usage starting November 1st.
PriceWatch™ monitors the natural gas market to pin-point the most advantageous time for our natural gas customers to lock in a rate for the winter heating months.
Realgy will only send out a PriceWatch™ email if we can lock our customers in at a rate that will save them money. If you would like more information on PriceWatch™, please visit our blog post What is PriceWatch™?
Natural Gas Storage is the service of purchasing a percentage of your annual gas usage during the summer months and storing it. This stored gas is then delivered to you during the winter months. That is why we call it “winter gas at summer prices.”
Realgy offers this storage program whenever we can. If your utility allows Realgy to offer a storage program, it will be listed in our Service Plan table on our website realgyenergyservices.com.
For more information on the Natural Gas Storage program please visit our blog posts: Natural Gas Storage Season is Here and So What Exactly is Natural Gas Storage
If you have any further questions please feel free to contact a Realgy Energy Services Customer Service Representative by phone (877)-300-6747, by email support@realgy.com, by fax (860)-233 -3884, or by mail 675 Oakwood Avenue, West Hartford, CT 06110.