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Natural Gas Price Bulls on Relatively Solid Ground in Southeast as Cooling Demand Mounts

Natural Gas Intelligence · last updated

Natural gas cash and forward prices continue to show signs of relative strength in the Southeast as cooling demand rises and competition for supply intensifies.

Natural Gas Intelligence's (NGI) natural gas forward curve chart showing basis price forecasts for hubs key to the Southeast market.

NGI’s Weekly Spot Gas National Avg. for the May 27-29 period rose 24.5 cents to $2.650/MMBtu. Prices at key hubs in the Southeast posted smaller increases but climbed to notably higher levels. Florida Gas Zone 3 gained 15.0 cents to $3.440, while Transco Zone 4 advanced 6.5 cents to $3.285.

The Southeast “is where you really start to see things get interesting as cooling demand ramps up,” said Pinebrook Energy Advisors managing partner Andy Huenefeld.

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