NE/Appalachian gas prices retreat to recent, new lows as demand bottoms out

摘要

Double-digit decreases took place across Northeast and Appalachiannatural gas hubs, pushing to new low levels, with some breaking the$2/MMBtu threshold across a majority of both region’s hubs.Texas Eastern M-3 dropped 11 cents to price at $1.98/MMBtu.The Dominion North and South Point pair shed 10.5 cents and 9.5cents, respectively, to both trade at $1.925/MMBtu.Friday could be the trading day with the balance of all Northeastand Appalachian locations pushing below $2/MMBtu.However, Transco Zone 5 delivered is hanging on as the premiumhub, trading at $2.28/MMBtu Thursday, but still decreasing 9.5 centswith the market.