Ecom-Energy’s March 2019 Natural Gas Market Update

After record demand caused by wild weather, the warming spring months promise a bit of reprieve as demand and supply move toward equilibrium. For now, upward pricing pressures are moderated by production quantities.

Ecom-Energy’s February 2019 Natural Gas Market Update

February’s Polar Vortex proved no match for U.S. Natural Gas, with prices falling and production hitting an all-time high. The unexpected outcome illustrates the broader volatility affecting the 2018-2019 winter season.

Ecom-Energy’s November 2018 Natural Gas Market Update

Despite low storage levels, the EIA expects strong growth in U.S. natural gas production to put downward pressure on prices in 2019. Meanwhile, a warm winter forecast through the New Year is keeping price hikes at bay in the short term.

EIA Natural Gas Storage Report: November 1, 2018

LNG Limited has delayed its investment decision of the Magnolia LNG export terminal in Louisiana due to China’s 10% tariff on U.S. LNG, which took effect September 24, 2018. It will be escalated to 25% in January 2019, in retaliation to U.S. tariffs. The company is hoping trade wars will settle in 2020 and will then reevaluate the multi-billion dollar project.

Solar Interconnection Applications on the Rise

As the U.S. solar industry enters Q4 2018, a record number of solar interconnection applications are anticipated before year end at the request of anxious commercial customers focused on getting their projects built and turned on during fiscal year 2019. Strong pick-up in commercial solar demand is attributable to the following three economic considerations that will be in play during calendar year 2019:

  1. The 30% Investment Tax Credit (ITC) Steps Down After 2019
  2. Net Metering 3.0 Will Likely Take Effect by 2020
  3. Interest Rates are Rising

Aliso Canyon Winter Technical Report

Curtailments may not but likely, but it’s important to remain cautious. While weather will be the primary driver, gas price increases will be the end result.