--- title: Natural Gas Weekly – August 4, 2022 - Alternative Energy Source description: Natural gas weekly storage and market news for August 4, 2022, including an overview of natural gas fundamentals and market numbers. image: https://natural-gas-weekly.aes-energ.com/hubfs/Copy%20of%20EnergyNews%20_Newsletter_Header%20(1).png --- [![Alternative Energy Source](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/raw_assets/public/AlternativeEnergySource_February2022/images/Header%20logo.png?width=250&height=39&name=Header%20logo.png "Alternative Energy Source")](https://aes-energ.com/) [![Alternative Energy Source](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/raw_assets/public/AlternativeEnergySource_February2022/images/Mobile%20Header%20logo.png?width=260&height=41&name=Mobile%20Header%20logo.png "Alternative Energy Source")](https://aes-energ.com/) - [Home](https://aes-energ.com/) - [Services](https://aes-energ.com/energy-services/) - [Electric Contracts](https://aes-energ.com/services-electric-contracts/) - [Demand Response](https://aes-energ.com/services-demand-response/) - [Natural Gas](https://aes-energ.com/services-natural-gas/) - [Energy Efficiency](https://aes-energ.com/services-energy-efficiency/) - [Commercial Solar Power](https://aes-energ.com/services-commercial-solar-power/) - [Utility Invoice Management](https://aes-energ.com/services-utility-invoice-management/) - [Resources](https://aes-energ.com/energy-resources/) - [Energy News](https://energy-news.aes-energ.com/) - [Natural Gas Weekly](https://natural-gas-weekly.aes-energ.com/) - [About](https://aes-energ.com/alternative-energy-source-about-us/) - [Contact](https://aes-energ.com/contact/) Search for: ![Natural Gas Weekly – August 4, 2022](https://natural-gas-weekly.aes-energ.com/hubfs/Copy%20of%20EnergyNews%20_Newsletter_Header%20(1).png) # Natural Gas Weekly – August 4, 2022 [Natural Gas](https://natural-gas-weekly.aes-energ.com/tag/natural-gas) / By [Laurie C](https://natural-gas-weekly.aes-energ.com/author/laurie-c) ## Natural Gas – Week In Review *Natural gas report week, August 4, 2022.* This week’s injection of 41 Bcf came in at the high end of analysts’ expectations which ranged from 19 Bcf to 44 Bcf. Comparatively, last year’s injection was 16 Bcf and the five-year average of net injections is 33 Bcf. Current storage totals 2,457 Bcf which is 12.1% below the five-year average but within the five-year historical range. Overall, prices retreated from the prior week with some help from cooler temperatures, decreased demand, increased production, and a respectable storage injection. Looking ahead, continued high LNG demand, supply concerns, and summer heat will likely keep prevent downward price momentum. --- ### Natural Gas Weekly Fundamentals Demand Total demand dropped by 1.8 Bcf/d from last week as last week’s heat wave subsided, taking power generation demand with it. LNG export ships increased by four, totaling 22 on the week for an overall capacity of 81 Bcf, up 14 Bcf from last week. Production Production increased slightly, adding 0.9 Bcf/d. The natural gas rig count grew by 2 from last week, totaling 157 rigs. Oil-directed rigs increased by 6 to 605 rigs. In all, that’s 767 rigs, 279 more than this week last year. Storage Forecast The average rate of injections into storage is 5% lower than the five-year average at this point in refill season (which traditionally runs April through October). If the injection rate matches the five-year average of 9.0 Bcf/d through October 31, natural gas supply will total 3,308 Bcf, 337 Bcf lower than the five-year average of 3,645 Bcf. ---     ### Natural Gas Weekly Market Report - August 4, 2022 ##### September NYMEX ![NYMEX prompt month graph for natural gas August 4 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/8.4%20Sep.png?width=733&name=8.4%20Sep.png) ![May NYMEX graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-May.png?width=902&height=541&name=4_7-May.png) September settled Thursday at $8.122/Dth down 14.4 cents from Wednesday’s close at $8.266/Dth and 1.2 cents from last week. ##### 12 Month Strip ![12 Month Strip graph for natural gas August 4 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/8.4%2012M.png?width=732&name=8.4%2012M.png) ![12 month strip graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-12M.png?width=902&height=542&name=4_7-12M.png) Settled Thursday at $6.657/Dth, down 3.1 cents from the prior week.     ##### Seasonal Strips ![seasonal strip graph for natural gas August 4 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/8.4%20Seas.png?width=730&name=8.4%20Seas.png) ![seasonal strip graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-Seasonal.png?width=902&height=542&name=4_7-Seasonal.png) The balance of the summer strip settled at $8.118/Dth, down less than a penny from the week prior. The winter forward (NOV22-MAR23) settled Thursday at $7.868/Dth, down 2.7 cents from last week.   Calendar Years 2022/2023/2024 ![CY22-CY24 for August 4 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/8.4%20CY.png?width=732&name=8.4%20CY.png) ![CY22-CY24 graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-CY.png?width=901&height=542&name=4_7-CY.png) CY22 settled Thursday at $8.176/Dth, down 1.2 cents from the prior week. CY23 settled Thursday at $5.613/Dth, down 4.3 cents from the prior week. CY24 settled Thursday at $4.669/Dth, down less than a penny from the prior week.   ##### Crude Oil ![8.4 Crude](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/8.4%20Crude.png?width=732&height=484&name=8.4%20Crude.png)   Settled Thursday at $88.54/barrel, down $7.88 from the prior week. ---   Need Help Making Sense of Natural Gas Prices? We can help you manage risk and navigate the current price volatility. 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