Natural gas forward prices maintained a bearish tenor in parts of Texas and the West, but an atypical summer storage withdrawal and increased focus on the approaching winter cast a bullish hue elsewhere to send prices broadly higher.
Front month fixed prices at benchmark Henry Hub gained 9.2 cents in the Aug. 8-14 trading period to end at $2.222/MMBtu, NGI’s Forward Look data show.
Fixed prices advanced week/week from the Southeast to the North and across the Central United States. Gains were largest in the Southeast, as Transco Zone 4 added 11.5 cents to $2.461, followed closely by Transco Zone 6 NY in the Northeast, which gained 11.2 cents to $1.513. At Emerson in the Midwest, prices were 9.2 cents higher on the week to $1.654. The Midcontinent’s Northern Natural Ventura hub tacked on 8.9 cents to $1.815.
