Tepid demand, the strongest underground storage position for this time of year ever, relative strength in domestic production, and consistent imports from Canada pile on to a market rationalizing these factors with continued low natural gas acquisition prices at about $2 per MMBtu at Henry Hub. And believe it or not, we are already 40 percent through the 2015-2016 winter heating season.
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.
Please direct questions and comments to Chris McGill at cmcgill@aga.org or Richard Meyer at rmeyer@aga.org.