Sub-$1 natural gas found in a couple of Eastern regions

September 19, 2016 Wayne Barber Generation

Spot natural gas prices for delivery Sept. 19 were less than $1/mmBtu in the Mid-Atlantic and New York City, according to figures from the Energy Information Administration (EIA).

EIA reported that the latest spot gas price for the Mid-Atlantic was only 93 cents/mmBtu and the spot gas price for New York City was only 94 cents/mmBtu.

In both cases, the spot natural gas price reflected a decrease of more than 21% from the spot gas price recorded on the prior business day. In fact, all 10 of the organized regions tracked by EIA showed a price decrease for Sept. 19.

Meanwhile, the NYMEX/Henry Hub price futures price for October delivery of natural gas was listed at $2.95/mmBtu.

About Wayne Barber 4201 Articles

Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.