East Texas, Southeast spot rise amid LNG demand recovery

摘要

1. US East Texas and Southeast natural gas spot prices rose in April 13 trading amid recovering LNG demand. 2. Henry Hub cash gained 9 cents on the day to $2.54/MMBtu while Katy gained 12 cents to change hands at $2.64/MMBtu for flows April 14. 3. Total demand in the two regions fell to as low as 42 Bcf/d the week starting April 5 and stayed muted over the weekend as LNG feedgas demand fell sharply, particularly in Texas, where LNG demand dropped 1.5 Bcf on the day to 3 Bcf on April 8, according to S&P Global Platts Analytics data. 4. Residential-commercial demand stayed rangebound, averaging about 2.7 Bcf/d over the last seven days in both regions amid mild shoulder season temperatures amid robust supplies. Much of the demand growth in the region consisted of export demand from the LNG sector and pipeline flows to Mexico.