---
title: Natural Gas Weekly – January 20, 2022 - Alternative Energy Source
description: Natural gas weekly storage and market news for January 20, 2022, including an overview of natural gas fundamentals and market numbers.
---

[Natural Gas News - Insights for Energy Buyers](https://natural-gas-weekly.aes-energ.com)

# [Natural Gas Weekly – January 20, 2022 - Alternative Energy Source](https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-january-20-2022)

 Written by [Laurie C](https://natural-gas-weekly.aes-energ.com/author/laurie-c) | 1/21/22 5:00 AM

Natural Gas – Week In Review

Prices retreated across natural gas report week, January 20, 2022 on moderating forecasts and easing global supply concerns. Despite the EIA’s report of a 206 Bcf withdrawal which was the largest to this point in withdrawal season and also exceeded the five-year average net withdrawals of 167 Bcf and last year’s net withdrawals of 179 Bcf, conditions were insufficient to maintain the price gains from last week.

#### ****************Natural Gas**************** Outlook

While analysts expect considerable draws to continue for the upcoming weeks, international developments may once again be influencing domestic prices.

This week, [Chinese sale](https://www.bloomberg.com/news/articles/2022-01-19/china-s-sinopec-floods-lng-spot-market-with-cargoes-for-2022) of excess LNG cargoes to Europe helped alleviate winter storage concerns. Scheduled deliveries now through November have translated to confidence in supply stability resulting in international prices below $25/MMBtu. While there’s some hesitation the increased supply may flood the market, it’s unlikely to impact contractual scheduled deliveries of US LNG.

Looking to end-of-season projections…the average rate of withdrawal from storage is 15% lower than the five-year average so far this season. If that rate matches the five-year average of 14.6 Bcf/d for the remainder of the season, storage would total 1,699 Bcf, 33 Bcf higher than the five-year average of 1,666 Bcf for March 31.

MAR22, settled at $3.649/Dth down 35.6 cents  
APR22, settled at $3.648/Dth down 29.0 cents  
MAY22, settled at $3.693/Dth down 26.5 cents  
JUN22, settled at $3.748/Dth down 26.3 cents  
JUL22, settled at $3.808/Dth down 26.2 cents  
AUG22, settled at $3.823/Dth down 25.9 cents  
SEP22, settled at $3.807/Dth down 25.6 cents

 

#### **Natural Gas Market Report – January 20, 2022**

##### February NYMEX

February settled Thursday at $3.802/Dth down 22.9 cents from Wednesday’s close at $4.031/Dth and down 46.8 cents week-over-week.

##### 12 Month Strip

Settled Thursday at $3.839/Dth, down 28.0 cents from the prior week.

 

##### Seasonal Strips

The balance of the winter strip settled Thursday at $3.726/Dth, down 41.2 cents from the week prior. The summer strip (APR22-OCT22) settled at $3.766/Dth, down 26.4 cents from the week prior.

##### Calendar Years 2022/2023/2024

CY22 settled Thursday at $3.805/Dth, down 28.5 cents from the prior week.  
CY23 settled Thursday at $3.445/Dth, down 9.9 cents from the prior week.  
CY24 settled Thursday at $3.166/Dth, down 2.8 cents from the prior week.

 

##### Crude Oil

Settled Thursday at $85.55/barrel, up $3.93 from the prior week.

 

### Need Help Making Sense of Natural Gas Prices?

Give us a call. We can help you manage risk and navigate the current price volatility.

We’ll evaluate your current contract and explore your [natural gas buying options](https://aes-energ.com/services-natural-gas/).  
Call us at 866-646-7322 for a no-cost, no-obligation analysis today.

[View full post](https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-january-20-2022)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Laurie C"
  },
  "dateModified" : "2022-04-28T19:21:29.867Z",
  "datePublished" : "2022-01-21T05:00:00Z",
  "headline" : "Natural Gas Weekly – January 20, 2022",
  "image" : {
    "@type" : "ImageObject",
    "height" : 766,
    "url" : "https://21196745.fs1.hubspotusercontent-na1.net/hubfs/21196745/Imported_Blog_Media/NGW3-Apr-11-2022-09-45-04-04-PM.png",
    "width" : 1024
  },
  "mainEntityOfPage" : "https://natural-gas-weekly.aes-energ.com/natural-gas-weekly/natural-gas-weekly-january-20-2022",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://21196745.fs1.hubspotusercontent-na1.net/hubfs/21196745/AES%20Planet%20Logo.png",
      "width" : 91.47541
    },
    "name" : "Natural Gas News - Market Updates"
  }
}
```