East Texas, Southeast cash gas prices fall as weekend demand shrinks

摘要

1. US East Texas and Southeast spot gas prices slid in May 21 trading, as demand was set to decline over the weekend amid the likelihood of heavy precipitation. 2. The cash price for Henry Hub fell 4 cents on the day to $2.810/ MMBtu, while Katy dropped 7 cents on the day to $2.755/MMBtu for flows May 22-24. 3. Total East Texas and Southeast demand fell 900 MMcf day on day to 38.2 Bcf May 21, sitting at its average this month, according to data from S&P Global Platts Analytics. 4. Power demand slumped 784 MMcf day on day to sit at 13.8 Bcf the same day, while residential-commercial demand fell 271 MMcf to 2.7 Bcf, still 100 MMcf higher than its monthly average, Platts Analytics data showed.