US West spot gas prices rise on higher demand expectations

摘要

1. Cash prices for next-day flows of natural gas in the US West traded higher across the board on May 17, as higher temperatures in the Southwest and lower temperatures in the Northwest boosted gas demand expectations in both regions. 2. The average temperature in the Pacific Northwest was forecast to drop 6 degrees to 53 F on May 18, according to S&P Global Platts Analytics and CustomWeather. 3. The National Weather Service forecast that lows in major metropolitan demand centers in the Northwest, like Portland and Seattle, were expected to fall into the low 40s F on May 18. 4. GTN, Kingsgate traded 13.50 cents higher at $2.75/MMBtu, while Northwest, Canadian border (Sumas) gained 19.50 cents to settle at $2.82/MMBtu.