LNG export facility maintenance fails to dent East Texas spot gas rally

摘要

East Texas spot gas prices have continued to climb this week, despite planned maintenance work limiting flows to Cheniere Energy’s Corpus Christi LNG export facility July 21-23, as Mexico absorbs additional supply. Houston Ship Channel traded 12.50 cents higher at $3.875/MMBtu on July 21, according to preliminary settlement data, extending a rally that has seen prices rise 30 cents since the start of July to levels not seen since mid-February. Other East Texas cash locations, such as Katy Hub and Agua Dulce, have risen in tandem with Houston Ship Channel.