Volume 18, Issue 10 | January 14, 2022

What is Certified Natural Gas?

Certified Natural Gas is natural gas that is produced by companies whose operations are independently verified as meeting or exceeding industry recognized environmental, social, and governance standards.

Methane traps up to 20 times more heat in the atmosphere than carbon dioxide. There are a number of ways to reduce methane emissions, including reducing leaks from the production, storage, and transportation of natural gas. Certified gas wells, however, can reduce methane emissions up to 80% from traditional wells.

In offering this environmental-friendly solution we are lowering emissions through cleaner sourcing and production. To learn more about Certified Natural Gas and WGL Energy’s other green solutions visit https://promo.wglenergy.com/gogreen/ or call 1-833-61-GREEN (1-833-614-7336) to speak with one of our energy experts.

Sources: https://www.epa.gov/gmi/importance-methane, North American Natural Gas Forum

 

NOTE:  In observance of Martin Luther King Jr. Day, our offices will be closed on Monday, January 17th.


Editor's Note

Prices Up on Cold Forecasts

Week in review for January 9 15, 2022

Thursday, the U.S. Energy Information Administration (EIA) reported that working gas in storage as of Friday January 7, 2022, was 3,016 Bcf. This was a decrease of 179 Bcf from the previous week. Inventories are now 199 Bcf lower than the same time last year, and 72 Bcf above the 5-year average.  

Despite a decline on Thursday, for the week ending 1/13/2022 prices were up significantly on increasingly cold forecasts. The 12-month NYMEX natural gas strip (Feb22-Jan 2023) was up 9.1%. 2023-2025 continue to trade at a discount to the Balance of 2022.


Weather

Washington, D.C. Area Cooling/Heating Degree Days

  

 

May-21

June-21

July-21

Aug-21

Sep-21

Oct-21 

Normal 

156

351

522

445

255

55

 Actual

119

348

192

492

241

92

Departure from Normal 

24%
Cooler

1%
Cooler

6%
Cooler

11%
Warmer

6%
Cooler

69%
Warmer

Cooling degree day (CDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65-degree baseline. If the day’s average temperature is below 65, there are no cooling degree days that day. If the day’s average temperature is greater than 65 degrees, then subtract 65 from the average temperature to find the number of cooling degree days.

*Heating degree day (HDD) data is for the Washington, D.C. area and is calculated by comparing the day’s average temperature to a 65 degree baseline. If the day’s average temperature is above 65, there are no heating degree days that day. If the day’s average temperature is less than 65 degrees, then subtract that average temperature from 65 to find the number of heating degree days.