Price volatility to persist in northeast US

By Abhishek Kumar 21 December 2016
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A cold start to winter in northeastern parts of the United States has increased volatility at key gas pricing points in New England and the Middle Atlantic region of the country. This volatility is set to continue in the coming weeks despite recent pipeline capacity additions in the two regions because December 2016 is forecast to be colder than December 2015.

The Total Degree Days (TDD) figure in New England is expected to average 1,058F this month compared with 724F in December 2015. Meanwhile, the TDD forecast for the Middle Atlantic region is for 992F in December 2016 compared with 626F a year earlier. GGA expects the combined weather-related gas demand in the two regions to be 13.5 billion cubic metres this month, a year-on-year rise of 55.2%.

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