September 14, 2021

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Gas Markets

Market Watch

October gas futures edged higher Tuesday, gaining 2.9¢ to $5.26 per million Btu, falling back from a morning rally to $5.369/MMBtu. The rise to a new high for the contract coincided with Hurricane Nicholas making landfall in southeast Texas. However, it soon became clear that it would cause little if any supply disruptions unlike Hurricane Ida. The Bureau of Safety and Environment reported that just over 1 billion cubic feet of gas per day of gas remained shut-in in the Gulf Tuesday afternoon.

The 20-month strip gained 1.7¢ to $4.584; the 2022 calendar strip was up 0.9¢ to $4.249 (Futures contracts).

The WTI crude contract was flat, gaining 0.1¢ to $70.46/bbl.

* * *

British Columbia's Westcoast Station 2 saw the most significant price move of the day, rising 44¢ to $3.52 while Alberta benchmark Aeco rose 14¢ to $3.68. This compared to benchmark Henry Hub cash prices that were up 17¢ at $5.36. In the Northeast, Transco zone 6 New York went up 12¢ to average $5.06, while Boston-area Algonquin advanced 57¢ to average $5.58. In West Texas, cash prices at the Permian's Waha Hub fell 7¢ to average $5.01. Meanwhile, Rockies leader Kern/Opal rose 6¢ to $5.66, SoCal Citygate advanced 14¢ to average $8.02 and Northwest Sumas gained 7¢ to average $5.61 (Daily spot prices).

* * *

Energy Information Administration data show a steep falloff in natural gas-fired generation due to major power outages caused by Hurricane Ida. The electric load in MISO’s southern region was 25%-30% of normal for Aug. 30, the day after Ida made landfall. The region includes service areas in eastern Louisiana and western Mississippi in which 1.2 million customers suffered long-term outages including the entire city of New Orleans. Hourly natural gas-fired electric generation in the southern MISO region peaked at 20 gigawatts on Aug. 26, but only reached 12 GW on Aug. 30.

* * *

Harvard University said Friday that it had wound down the fossil fuel investments in the university’s $42 billion endowment after years of stakeholder pressure. The Ivy League university said it had a handful of private equity holdings with some remaining exposure to fossil fuels that represented less than 2% of the endowment, but those investments were in “run-off mode.”The university plans to make no future investments in companies that explore for or develop further reserves of fossil fuels, President Larry Bacow said in a statement.

Tom Haywood, Houston and Everett Wheeler, Washington

Natural Gas Spot Prices

Top 5 Upward & Downward Price Movements
Westcoast Station 2AlgonquinTenn Gas Zone 6Col. Gas App. PoolEastern Gas SouthNB Ventura TPTrunkline Zone 1APG&E CitygateWaha HubEl Paso - South Mainline-2%0%2%4%6%8%10%12%14%Westcoast Station 2AlgonquinTenn Gas Zone 6Col. Gas App. PoolEastern Gas SouthNB Ventura TPTrunkline Zone 1APG&E CitygateWaha HubEl Paso - South Mainline
Note: Sep 14' 21 versus prior day price: points moving up (64), down (11).
Natural Gas Spot Prices
Trade Date: Sep. 14, 2021 / Flow Date: Sep. 15, 2021
The above figures refer to volume-weighted averages for gas deals done today for tomorrow's flow, or weekend delivery on Friday trading, at each particular spot. Change reflects the difference from the previous published price. Composites reflect volume-weighted average for all deals done in the regional grouping. Daily Composite Spot Wellhead is a volume-weighted average for all producing area pipelines less gathering and processing costs. All prices are in $/MMBtu.

Critical Notices

Sort:
Count of Critical Notices in Last 7 Days
Columbia GasTransmissionNatural GasPipeline Co.QuestarPipeline Co.Tennessee GasPipeline Co.Transco0510152025303540Columbia GasTransmissionNatural GasPipeline Co.QuestarPipeline Co.Tennessee GasPipeline Co.Transco
Critical Notices

Natural Gas Futures

Nymex Henry Hub Future Price Curves
Sep 14, '21
Oct'21Nov'21Dec'21Jan'22Feb'22Mar'22Apr'22May'22Jun'22Jul'22Aug'22Sep'22($/MMBtu)33.23.43.63.844.24.44.64.855.25.45.6Oct'21Nov'21Dec'21Jan'22Feb'22Mar'22Apr'22May'22Jun'22Jul'22Aug'22Sep'22CurrentLast Month
Henry Hub
Change from prior day, Sep 13 '21


Related Markets

Comparative Fuels

Comparative Fuels
Prices for Sep 14 '21

Spot Cash Electricity Prices

Spot Cash Electricity Prices
Today's prices as of Sep 13 '21

Gas Prices, Power Prices and Spark Spreads for Major Hubs

Marginal Heat Rates (Btu/kWh)
7 Sep 21 8 Sep 21 9 Sep 2110 Sep 2111 Sep 2112 Sep 2113 Sep 215000100001500020000250003000035000400004500050000550006000065000 7 Sep 21 8 Sep 21 9 Sep 2110 Sep 2111 Sep 2112 Sep 2113 Sep 21Malin/COBSocal/Palo VerdeAlgonquin/NE PoolHouston SC - Katy/ErcotStanfield/Mid-Col.TZ6 NNY/PJM W
Note: Indicates the threshold heat rate for each gas/power pair. Below the MHR, gas-fired generation may be more cost effective vs. purchased power above. For holidays and weekends, the previous business day's values are displayed.
Gas, Power Prices & Spark Spreads for Generators Major Hubs

Gas Needed to Replace Offline Nuclear Capacity

Gas Needed to Replace Off Line Nuclear Capacity
10201024107496410151649193221092136Sep 6Sep 7Sep 8Sep 9Sep 10Sep 11Sep 12Sep 13Sep 14(MMcf/d)02004006008001000120014001600180020002200Sep 6Sep 7Sep 8Sep 9Sep 10Sep 11Sep 12Sep 13Sep 14NortheastSoutheastTexasUpper MidwestWestTotalYear-Ago
Note: Source: US Nuclear Regulatory Commission's Daily Power Reactor Status Report and Energy Intelligence


Renewable Energy

Gas Equivalent of Caiso Wind and Solar Output
5 Sep 6 Sep 7 Sep 8 Sep 9 Sep10 Sep11 Sep12 Sep13 Sep(MW)01000200030004000500060007000(MMcf/d)6007008009001000110012001300140015001600 5 Sep 6 Sep 7 Sep 8 Sep 9 Sep10 Sep11 Sep12 Sep13 SepWind Gen (MW)Solar Thermal Gen (MW)Solar PV Gen (MW)Gas Equivalent (MMcf/d)Gas Equivalent Last Year (MMcf/d)
Gas Equivalent of Ercot Wind Output
5 Sep 6 Sep 7 Sep 8 Sep 9 Sep10 Sep11 Sep12 Sep13 Sep(MW)02000400060008000100001200014000(MMcf/d)500100015002000250030003500400045005000 5 Sep 6 Sep 7 Sep 8 Sep 9 Sep10 Sep11 Sep12 Sep13 SepWind Generation (MW)Gas Equivalent (MMcf/d)Gas Equivalent Last Year (MMcf/d)


Weather

Today's Short-Term Weather Forecast

Atlanta
Austin
Denver
Detroit
Las Vegas
Los Angeles
Minneapolis
Nashville
Philadelphia
Seattle
Washington
Boston
Orlando
New York
Leaflet | Weather from OpenWeatherMap
To change the layers on the map, click the icon to the left and choose the layer you want to display.
Layers available on weather map:
  • Temperature:
    Current ground temperature(in Fahrenheit).
  • Clouds:
    Displays the positions of the current cloud cover.
  • Precipitation:
    Displays current amount of falling water in liquid, sleet or snow form (in inches).
  • Wind speed:
    Displays the current wind speed(in knots).
  • Sea Level Pressure:
    Displays the current pressure at sea level(in millibars).
  • Snow:
    Displays the daily snow fall(in inches).
  • Rain:
    Displays today’s amount of rain fall(in inches).

Degree Days

Degree Days
1531351191251541591461458September9September10September11September12September13September14September15September0204060801001201401608September9September10September11September12September13September14September15SeptemberCDDHDDCDD AvgHDD Avg
Note: Cooling Degree Days is the sum of temperature variances above 65 degrees for 14 cities: Atlanta, Georgia, Austin, Texas, Denver, Colorado, Detroit, Michigan, Las Vegas, Nevada, Los Angeles, California, Minneapolis, Minnesota, Nashville, Tenn, Philadelphia, Pennsylvania, Seattle, Washington, Washington, DC, Boston, Massachusetts, Orlando, Florida, New York, New York. Heating Degree Days is the sum of temperature variances below 65 degrees for those same 14 cities.
Degree Days


Regional °F Degree Day Differentials
Values listed are the previous days' difference from the 5-year degree day average.

Ex: A value of -4° indicates previous days' degree days were 4 degrees below the 5-year average.

Northeast US
New York 3°
Orlando -1°
Boston 0°
Washington 6°
Seattle -1°
Philadelphia 8°
Nashville -1°
Minneapolis -2°
Los Angeles -2°
Las Vegas 6°
Detroit 10°
Denver -1°
Austin -4°
Atlanta -1°
Southeast US
New York 3°
Orlando -1°
Boston 0°
Washington 6°
Seattle -1°
Philadelphia 8°
Nashville -1°
Minneapolis -2°
Los Angeles -2°
Las Vegas 6°
Detroit 10°
Denver -1°
Austin -4°
Atlanta -1°

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