Cold snap in Midwest, Northeast buoys Southeast, East Texas spot gas prices

摘要

Below-freezing temperatures in the Midwest and Northeast wereprojected to boost regional natural gas demand and reduce flows tothe Southeast by nearly 1 Bcf, supporting a day-on-day increase inSoutheast spot gas prices.Cash prices across the Southeast and East Texas settled higher onThursday morning for Friday flows, with the sole exception of Texas EasternEast Texas which settled 1.50 cents lower at $1.94/MMBtu. At the same timethat less gas is available to flow into the region, Southeast demand isforecast to increase 800 MMcf day on day to 24.06 Bcf on Friday.