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Heightened Potential for Demand Erosion Triggers More Natural Gas Forward Losses

Natural Gas Intelligence · last updated

Natural gas forward fixed prices tumbled during the April 10-16 period as demand-sapping spring weather collided with shock waves across the broader markets, amid recession fears triggered by tariffs that may cause inflation and unemployment to rise.

Natural Gas Intelligence's (NGI) Transco Zone 6 non-NY forward fixed natural gas price graph showing future market volatility.

Transco Zone 6 non-NY in the Northeast shed 89.9-cent to $3.223/MMBtu, leading the widespread retreat, NGI’s Forward Look data show. Southeast prices succumbed to pressure as Florida Gas Zone 3 slid 69.9 cents to $3.480, while Tenn Zone 4 200L stumbled 60.6 cents to $3.377.

Western Canadian prices tripped lower. NOVA/AECO C, the regional benchmark, at C$1.687 was 6.7 cents down week/week. Neighboring Westcoast Station 2 also slid 6.7 cents to C$1.357.