Friday, June 30, 2023

Natural Gas Inventory Report, June 30, 2023

The Energy Information Administration released their weekly report yesterday.


As always... the Pacific Region...

Prices increased in all West Coast markets this report week. At PG&E Citygate in Northern California, the price rose 96 cents from $3.02/MMBtu last Wednesday to $3.98/MMBtu yesterday. The price at SoCal Citygate in Southern California increased 3 cents from $4.80/MMBtu last Wednesday to $4.83/MMBtu yesterday. The price at Sumas on the Canada-Washington border rose 59 cents from $2.02/MMBtu last Wednesday to $2.61/MMBtu yesterday.

Select inventories of EU and UK... 

Overall, very good, with EU wide numbers at 78.86% full.

A brief look at the 12 month highs for futures... TTF (EU) and UKG (UK).

A slight uptick for the 12 month, but still below the 5-5 picture. 

Current week ending prices...



Current futures (August v 12 month high)


Basically, the current futures are about where they were 2 years ago, when the EU was worried about Russia messing with natural gas deliveries and woefully inadequate natural gas stocks. 

Has the storm been weathered? 








No comments:

Post a Comment

1-17-2025 Week In Review

Laugh of the week Watching Sky News and a lady proclaimed that social media sites should be held to the same strict standards as newspaper p...