US Northeast spot gas prices mixed on lower demand, higher regional pipeline flows

摘要

Cash prices for holiday weekend flows were mixed in Friday trading, with regional demand projected to decrease while outflows increase. Most spot prices in the Northeast settled within 5 cents in either direction of the previous day’s settlement. There were several notable exceptions that saw larger day-on-day swings, including Iroquois Zone 2, which shed 16.50 cents to settle at $1.27/MMBtu. Total regional demand was projected to fall nearly 700 MMcf/d on Saturday to 12.57 Bcf/d and remain below 13 Bcf/d throughout the holiday weekend, according to S&P Global Platts Analytics data. Decreases in both gas-fired power demand and residential/commercial gas demand for heating were expected to drive the lower demand.