Surging LNG export demand, lower Permian production lift South Texas cash basis

摘要

Basis prices at South Texas natural gas hubs are at significantpremiums to year-ago levels this month as strong exports and lowerproduction tighten the supply-demand balance in the Lone Star State.At key trading locations across the region, including Houston ShipChannel, Texas Eastern STX and Tennessee Zone 0, basis prices are up11 cents, 12 cents and 16 cents/MMBtu, respectively, month to date thisDecember compared to 2019, S&P Global Platts data shows.