US Southeast gas falls as supply increases

摘要

1. US Southeast natural gas prices fell on Dec. 2 as there was pressure in the market from increased supply. 2. The cash price for Henry Hub fell 10.5 cents on the day to $2.70/ MMBtu. This was the second consecutive day that the location has decreased. Henry Hub has fallen close to 20 cents in the last two trading sessions. 3. Total Texas and Southeast supply increased 344 MMcf on the day to 35.77 Bcf, according to S&P Global Platts Analytics. Specifically, onshore production increased 419 MMcf on the day to 33.32 Bcf. 4. Production in the Haynesville Basin increased 17 MMcf on the day to 2.99 Bcf, according to Platts Analytics.