--- title: Natural Gas Weekly – July 21, 2022 - Alternative Energy Source description: Natural gas weekly storage and market news for July 21, 2022, including an overview of natural gas fundamentals and market numbers. image: https://natural-gas-weekly.aes-energ.com/hubfs/Imported_Blog_Media/NGW3-710x530-Apr-11-2022-09-42-44-78-PM.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 – July 21, 2022](https://natural-gas-weekly.aes-energ.com/hubfs/Imported_Blog_Media/NGW3-710x530-Apr-11-2022-09-42-44-78-PM.png) # Natural Gas Weekly – July 21, 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, July 21, 2022.* This week’s injection of 32 Bcf came in under analysts’ expectations which ranged from 34 Bcf to 59 Bcf. Comparatively, last year’s injection was 50 Bcf and the five-year average of net injections is 41 Bcf. Current storage totals 2,401 Bcf which is 12.0% below the five-year average but still within the five-year historical range. The heat wave led to an increase in consumption for natural gas used in power generation, specifically due to additional cooling demand. This, in turn, resulted in a storage injection that fell short of projections. It likewise marked the first widening in the storage deficit to the five-year average in weeks prompting pessimism about end-of-season storage totals. --- # **Natural Gas Weekly Fundamentals** Demand-Total demand is up 2.1 Bcf/d from last week as cooling related consumption continued to rise, growing 1.6 Bcf/d over last week. LNG export ships fell by seven, totaling 16 on the week for an overall capacity of 61 Bcf, down 23 Bcf from last week. Production – Production remains stagnant, adding only 0.6 Bcf from last week.  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 8.5 Bcf/d through October 31, natural gas supply will total 3,317 Bcf, 328 Bcf lower than the five-year average of 3,645 Bcf. ---     ### **Natural Gas Market Report – July 21, 2022** ##### August NYMEX ![August NYMEX graph for natural gas July 21 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/7.21%20Aug.png?width=733&name=7.21%20Aug.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) August settled Thursday at $7.932/Dth, down 7.5 cents from Wednesday’s close at $8.007/Dth and up $1.332 over the prior week. ##### 12 Month Strip ![12 Month Strip graph for natural gas July 21 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/7.21%2012M.png?width=732&name=7.21%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 $6.755/Dth, up 87.9 cents from the prior week.     ##### Seasonal Strips ![seasonal strip graph for natural gas July 21 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/7.21%20Seas.png?width=730&height=457&name=7.21%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 summer strip (AUG22-OCT22) settled at $7.844/Dth, up $1.306 from the week prior. The winter forward (NOV22-MAR23) settled Thursday at $7.582/Dth, up $1.102 from the week prior.   Calendar Years 2022/2023/2024 ![CY22-CY24 for July 21 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/7.21%20CY.png?width=732&name=7.21%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 $7.865/Dth, up $1.276 from the prior week. CY23 settled Thursday at $5.595/Dth, up 45.2 cents from the prior week. CY24 settled Thursday at $4.692/Dth, up 11.9 cents from the prior week.   ##### Crude Oil ![Crude oil graph for natural gas July 21 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/7.21%20Crude.png?width=732&name=7.21%20Crude.png) ![crude oil prompt month graph for natural gas April 7 2022 report](https://natural-gas-weekly.aes-energ.com/hs-fs/hubfs/Imported_Blog_Media/4_7-Crude.png?width=902&height=512&name=4_7-Crude.png) Settled Thursday at $96.35/barrel, up $3.52 from the prior week. ---   Need Help Making Sense of Natural Gas Prices? 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. 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