The week ended December 16 saw bone-chilling cold across much of the Northeast. New York City was hit by a snowstorm over the weekend, and the National Weather Service reported that such a large snowfall so early in the season had not been seen since 2018. Residential and commercial gas demand peaked at 19.5 Bcf/d on Sunday to help keep homes and businesses warm. Meanwhile, freezing temperatures also helped tighten the market on the demand side, as dry gas production fell substantially on Sunday and Monday, particularly in West Virginia.
Featured Articles
- Analyst Insight
Northeast Gas Demand Started New Year with a Bang
Natural gas demand was high over the New Year in the Northeast, but has since fallen and is expected to be low through the weekend.
- Blog
Ridin’ The Storm Out – Will the Storm Set to Slam the South Lead to a Winter Storm Uri Reprise?
The gas market was roiled this week by the severe winter weather set to sweep across the country. Today, we discuss the market’s jump in advance of Winter Storm Fern’s arrival and whether its effects will rival the tremendous dislocations caused by Uri.
- Blog
Wake Me Up – Changing Dynamics Have the Northeast Gas Market Poised for a Reawakening
After being in virtual limbo the past couple of years, the U.S. Northeast gas market is reawakening. New pipeline development is, well, no longer a pipe dream. Today, we begin a series evaluating the impacts of these changing fundamentals on the Northeast gas market outlook.
