Volume 18, Issue 10 November 21, 2022
In this Issue
Editor's Note
Cold Drives Prices Up Despite Improving Storage Picture
Energy Market Charts
Feature
WGL Energy Awarded New Contract with the Defense Logistics Agency (DLA)
Weather
Washington, D.C. Area Cooling/Heating Degree Days
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Editor's Note
Cold Drives Prices Up Despite Improving Storage Picture
Week in review for November 13-19, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday November 11, 2022, was 3,644 Bcf. This was an increase of 64 Bcf from the previous week, in line with market expectations and bringing the storage level above this same time last year (3640) and just a hair below the 5-year average (3651).

Despite the improving storage situation and some bearish news concerning delays to return to full service of the Freeport LNG export facility the markets were up this week on expectations for cold weather in the back half of November. The prompt 12-month NYMEX natural gas strip (Dec22-Nov23) was up slightly, 0.2% for the week, the 12-month PJM STD 7x24 strip was up 6.9%.

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