DOE EIA Weekly Gas Storage Report
Working gas in storage was 2,471 Bcf as of Friday, July 5, 2019, according to EIA estimates.
This represents a net increase of 81 Bcf from the previous week. Stocks were 275 Bcf higher than last year at this time and 142 Bcf below the five-year average of 2,613 Bcf. At 2,471 Bcf, total working gas is within the five-year historical range.
An affordable way to store clean energy
Renewable energy consumers use batteries to temporarily store energy for later use. However, lithium ion batteries have a short service life and redox flow batteries with twice the lifespan have been cost-prohibitive. Recently, Volterion has optimized redox flow batteries to manufacture them at a lower price point.
Not only are the physical characteristics beneficial to handlers and the environment but, through innovation, the ideas for uses are unlimited. It shouldn’t be long before we see them prominently in hospitals, homes, and more. We can’t wait to see the utilization of these batteries implemented.
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: https://phys.org/news/2019-06-energy.html
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”