Higher temperatures, maintenance weigh on US Rockies spot gas prices

摘要

1. CIG, Rockies fell 20.50 cents further to settle at $2.13 on Nov. 17 for next-day flows, amid the warmer weather and scheduled maintenance on Colorado Interstate Gas (CIG) pipeline. 2. Similarly, Cheyenne Hub fell 20 cents to $2.16/MMBtu, widening its spread to cash Henry Hub to a 38 cent discount. 3. The average temperature in the Rockies was forecast to climb to 55 degrees Fahrenheit on Nov. 18, up substantially after spending a week in the 30s F for Nov. 9-15. 4. Higher temperatures have already eroded regional residentialcommercial gas demand for heating, with S&P Global Platts Analytics data showing a 500 MMcf drop to 2.43 Bcf on Nov. 17. 5. Flows through the Crazy Horse to Cheyenne segment of CIG have fallen to 235 MMcf/d for Nov. 16-17, according to Platts Analytics data, after averaging 275 MMcf/d for the seven days prior (Nov. 9-15).