EIA sees natural gas prices down dramatically from January 2015

While spot natural gas prices have rallied somewhat in the past couple of months, they still are well below the level of mid-January 2016, according to Energy Information Administration (EIA) data.

New York Mercantile Exchange (NYMEX) futures price for February delivery of natural gas was listed at $2.14/mmBtu on Jan. 15. That price is down $1.09/mmBtu from the level recorded one year earlier, according to the EIA website.

In addition, the EIA website reports that natural gas storage inventories stood at 3,475 Bcf for Jan. 8. That’s an increase of 587 Bcf from one year earlier.

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.