Gas price volatility to persist in US northeast

Frigid weather is set to continue in the US northeast, which could further delay the start of LNG exports from the Dominion Cove Point plant Frigid weather is set to continue in the US northeast, which could further delay the start of LNG exports from the Dominion Cove Point plant.
By Abhishek Kumar 19 January 2018 0 29168
Winter in Chinatown, New York Harsh winter in the US northeast will promote gas price volatility. (Emanuel Hahn/unsplash.com)

Frigid weather in the northeastern United States is exacerbating gas supply tightness in the region. The situation is expected to persist for the rest of the 2017-2018 gas withdrawal season, which will last until the end of March. Consequently, the Transco Z6 gas price in New York attained an all-time high of $140.25/MMBtu in January, surpassing the previous record of around $121/MMBtu reached in January 2014. A harsh winter could also further delay the first shipment of LNG from Dominion Energy’s Cove Point export plant...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now