New York City $20/MMBtu Buy Ctra AR

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Fraser921
Posts: 2953
Joined: Mon Mar 22, 2021 11:48 am

New York City $20/MMBtu Buy Ctra AR

Post by Fraser921 »

M-U molecules flowing northward are up 40% to 9.4 billion cubic feet per day (Bcf/d) as of yesterday. M-U molecules flowing southward are down 6% to 4.9 Bcf/d as of yesterday.

The spot price for natural gas delivery on Monday in New York City was $20/MMBtu. In Boston the spot price yesterday was $10.57/MMBtu.

From Platts:

HIGHLIGHTS

Average Northeast temperature drops to 30 F Jan. 3
Algonquin city-gates nears $11/MMBtu in Jan. 3 trading

Larger spreads between spot gas prices in the US Northeast and Southeast has helped shift the direction of flows from Appalachia since Jan. 1, with higher prices in New England and New York attracting more molecules at the expense of southbound flows.

Northbound flows from Appalachia have increased nearly 40% since Jan. 1 to reach 9.4 Bcf on Jan. 3, data from S&P Global Platts Analytics shows. This is more than 800 MMcf/d, or 9%, higher than the December average.

Someone is going to make serious money, I own Coterra & Anterro, lightly hedged compared to the others
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