Southeast, East Texas gas falls further as demand stays depressed

摘要

1. Southeast and East Texas natural gas prices fell for the second consecutive day Nov. 17 on bearish market sentiment from decreased demand in the regions. 2. The cash price for Henry Hub fell 9 cents day on day at $2.54/ MMBtu. This was the lowest level this location has reached since the middle of October. Similarly, the cash price for Houston Ship Channel fell 9.5 cents day on day at $2.455/MMBtu. 3. Total Southeast and Texas demand has averaged 37.48 Bcf/d so far this month, 600 MMcf lower than what demand was at this time last year, according to S&P Global Platts Analytics. 4. Specifically, heating demand has averaged 3.88 Bcf/d so far this month, 2.3 Bcf lower than what demand was at this time last year, according to Platts Analytics. Mild temperatures in the region have kept a lid on demand as of late.