Natural gas slips to near $3/mmBtu mark on Dec. 29

As 2014 nears its conclusion, natural gas remains cheap on the CME Group/New York Mercantile Exchange price listing. The futures price for January 2015 delivery of natural gas was listed at only $3.01/mmBtu on Dec. 29, according to data posted Dec. 29 by the Energy Information Administration (EIA).

Meanwhile the price listed for January delivery of coal on the Nymex index ws $47.00/ton.

EIA data shows that the gas futures price listed Dec. 23 was $3.17/mmBtu, which was almost 45 cents cheaper than a week earlier and $1.29 cheaper than the same point in December 2013.

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.