Natural gas forwards slipped at the front of the curve for most locations alongside trimmed demand expectations for September, while hubs in Canada posted gains ahead of the nation’s first LNG export terminal.
September fixed prices for the benchmark Henry Hub finished down 12.3 cents during the Aug. 22-28 trading period at $1.933/MMBtu, according to NGI’s Forward Look. That was in line with an overall trend lower with September fixed price forwards down by an average 9.8 cents.
In fixed price trade, the biggest declines were in California, the East and in West Texas. On the other end of the spectrum, a handful of hubs in Appalachia and Northeast joined Canadian forwards moving higher for September.
