Winter Storm to Have Lingering Effect on Natural Gas Supply – S&P Global Platts

As snow settles across New England and regional natural gas prices retreat, the lingering impact of this winter’s biggest storm yet is likely to extend beyond the frigid temperatures forecast for this weekend.

On Friday morning, cash prices for this weekend’s flow dates were down sharply at hubs along the Northeastern Atlantic Seaboard, tumbling $75/MMBtu or more.

During the late-morning session, Boston-area hub, Algonquin city-gates, was talked at either side of $25/MMBtu. At the Upstate New York Iroquois Zone 2 hub, prices had retreated to the mid-$33s/MMBtu. Metro New York-area prices remained elevated around $65/MMBtu, but were down about 50% from Thursday’s settlement price…

 

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