Henry Hub forward price rally risks summer-season power burn demand

摘要

Rallying prices at the Henry Hub have lifted the peak-summer forward strip nearly 15% over the past three weeks in a move that could prove bearish for gas-fired power burns this summer. Late last week, calendar-month prices for the June-July-August strip briefly topped $3 before settling to an average $2.97/MMBtu on April 30, S&P Global Platts’ most recently published M2MS data shows.