Volume 18, Issue 10 January 24, 2022
In this Issue
Greenhouse Gas Equivalencies Calculator
Editor's Note
Spot up on Frigid Days, Forward Down on Warming Forecasts
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Spot up on Frigid Days, Forward Down on Warming Forecasts
Week in review for January 16 22, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday January 14, 2022, was 2,810 Bcf. This was a decrease of 206 Bcf from the previous week, in-line with market expectations. Inventories are now 199 Bcf lower than this time last year, and 72 Bcf above the 5-year average.  

Despite some frigid temperatures that sent many Mid-Atlantic/Northeast spot prices above $20/DTH, for the week ending January 20th, forward prices were down significantly on increasingly warm forecasts. The 12-month NYMEX natural gas strip (Feb22-Jan 2023) was down 6.8% and the 12-month PJM STD 7x24 contract strip was down 5.0%.

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