Natural gas finishes week at $3.65/mmBtu

The Nymex futures price for January delivery of natural gas finished the business week at only $3.65/mmBtu, according to figures posted Dec. 5 by the Energy Information Administration (EIA).

Until recent days, the prompt month price for gas futures had been holding pretty steady above the $4 mark. But with moderate temperatures for much of the nation this past week, the gas futures price has been modest.

The EIA gas futures price posted Dec. 3 was $3.80/mmBtu, which was 55 cents lower than one week earlier and 17 cents lower than one year earlier.

As for spot natural gas prices, they were down in all 10 regions monitored by EIA on Dec. 5.

Natural gas inventories for the week that ended Nov. 28 were listed at 3,410 Bcf, a figure which was 22 Bcf lower than the previous week and 227 Bcf less than one year earlier.

Meanwhile on the baseload nuclear energy front, only two of the nation’s 100 commercial nuclear reactors were listed at zero generation by the Nuclear Regulatory Commission (NRC) early Dec. 5.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.