The current market summary for natural gas is fairly straight forward and reflects the events of the past year. Domestic production is growing and even though U.S. consumption of natural gas is up slightly (about 2.5 percent) due primarily to gas to power generation and seasonal heating loads in early 2011, prices are down.
The national working gas inventory is at record levels and the winter heating season has started warm. Each critical factor seems to point to a reliable, affordable natural gas short-term for winter heating season customers. Now we will wait for Mother Nature to dictate the final variable.
Visit this link to download the full Natural Gas Market Indicators.Topics covered include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Rig Counts, Pipeline Imports and Exports, and LNG Markets.