January Weather forecast now very bullish for NGas demand
Posted: Wed Jan 03, 2024 11:32 am
https://www.msn.com/en-us/weather/topstories/two-high-impact-storm-systems-to-sweep-across-the-u-s/ar-AA1mpIeo?ocid=msedgntp&cvid=b460c0d929374c70ac56564ede2cf2ee&ei=12
By the end of January, natural gas in U.S. storage should be below where storage was at the end of January 2023. If February weather is just normal, ngas storage should be back to the 5-year average heading into April.
Note at the link above that the two storm systems are going to generate a lot of wind. High wind velocity significantly increases space heating demand for ngas. My sister lives in Chicago. I was there during the winter once when the high winds made it impossible to keep their home temperature over 60F. We had to sleep in our ski clothing.
By the end of January, natural gas in U.S. storage should be below where storage was at the end of January 2023. If February weather is just normal, ngas storage should be back to the 5-year average heading into April.
Note at the link above that the two storm systems are going to generate a lot of wind. High wind velocity significantly increases space heating demand for ngas. My sister lives in Chicago. I was there during the winter once when the high winds made it impossible to keep their home temperature over 60F. We had to sleep in our ski clothing.