Texas Gulf Coast Cal-2019 gas prices rise on looming export demand

摘要

Texas Gulf Coast gas traders are betting on higher prices for 2019 when a looming surge in export demand could outpace the anticipated growth in regional supply. Since early August, calendar-2019 prices at hubs like Houston Ship Channel, Texas Eastern STX and Agua Dulce are up about 5 to 6 cents/ MMBtu, moving from a modest discount to a premium over benchmark Henry Hub, S&P Global Platts M2MS forwards data shows.