February 13, 2025 18:01 GMT
US NATGAS: Northeast Gas Prices Trending Down
US NATGAS
In the US Northeast, regional hubs are largely pricing down on the day, with higher flows to the region and lower demand narrowing the supply-demand balance.
- Day-on-day price changes according to NGI data:
- Transco zone 6 NY, down 15 cents/MMBtu
- Transco non-NY down 5.5 cents/MMBtu,
- Tetco M3 down 15.5 cents/MMBtu.
- Eastern Gas (Dominion) South is up 29.5 cents/MMBtu, around its highest level since Jan. 22
- Northeast demand is currently at 42.45bcf/d, down by around 0.55bcf/d. Demand is 5.88bcf/d above the 30-day average.
- Production in the region is around 35.69bcf/d, down around 0.31bcf/d on the day.
- Production from the Appalachia shale play is 35.17bcf/d, down around 0.33bcf/d on the day. This compares to a 30-day average of 35.07bcf/d.
- Imports from Canada are up to around 389 mcf/d today. This compares to 360 mcf/d yesterday.
- Feedgas exports to Cove Point LNG are currently at 932 mcf/d , up around 19 mcf/d today.
- This puts the daily supply vs demand deficit at around 5.88 bcf/d, narrowing by 1.49 bcf/d on the day.
- This region includes New York, Ohio, Pennsylvania, Virginia, West Virginia, and Maryland. Non-pricing data is from Bloomberg.
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