Southeast, East Texas gas prices range as demand forecast to rise

摘要

1. Southeast and East Texas natural gas prices were mixed as demand is expected to increase next week. 2. The cash price for Henry Hub increased 3 cents on the day to $2.845/MMBtu. This is the fourth consecutive day this location has increased and the highest level for this location in the last 10 days. 3. Looking further west, the cash price for NGPL TxOk fell 2 cents on the day to $2.63/MMBtu. 4. Residential and commercial demand sat at 3.05 Bcf for the Southeast on Nov. 13, according to S&P Global Platts Analytics. Demand is set to increase nearly 400 MMcf over the next couple days to reach 3.43 Bcf by Nov. 18. 5. Similarly, in Texas, total demand sat at 10.24 Bcf on Nov. 13 but is expected to average 10.32 Bcf/d the next two weeks, according to Platts Analytics.