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EIA: As Pipeline Projects Are Completed, Appalachian Region Natural Gas Prices Are Rising
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The U.S. Energy Information Administration reported Wednesday natural gas prices in the Appalachian Region are increasing to meet the Henry Hub national benchmark price as more and more pipeline projects are completed. EIA said through the first seven months of 2017, the difference between prices at the Henry Hub in Louisiana and at Dominion South in southwestern Pennsylvania averaged $0.53 per million British thermal units (MMBtu), about two-thirds the average difference of $0.76/MMBtu during the first seven months of 2016. The differences between the Henry Hub and other Appalachian region price points followed similar trends. While the average difference between natural gas prices at the Henry Hub and Appalachia have generally narrowed over the first 7 months of 2017 relative to the comparable year-ago period, the Appalachian region can become oversupplied at times when production exceeds pipeline capacity, driving producers in the region to lower their prices relative to Henry Hub. As of July 31, the natural gas price at Dominion South in southeast Pennsylvania traded at $1.85/MMBtu, about $1.00/MMBtu lower than the natural gas price at Henry Hub. Click Here to read the entire EIA report. NewsClips: Where Natural Gas Pipelines, Underground Coal Mines Intersect Cusick: As Pipelines Alleviate Natural Gas Glut, Prices Rise For Producers In Northeast EIA: As Pipeline Projects Are Completed, Appalachian Region Natural Gas Prices Rise Crable: Lancaster Officials Voice Concerns About Atlantic Sunrise Pipeline Crossing Main Water Line Cusick: Atlantic Sunrise Pipeline Protesters Walk Out Of DEP Hearing Letter: Mariner East 2 Pipeline Construction Hits Close To Home Letter: Pipelines Hardly An Economic Boon PennEast Pipeline Foes Say Company Is Making False Statements In Bid For Support AP: Federal Court Rules New York Had Power To Deny Key Constitution Pipeline Permit New Trump Order Will Hasten Oil & Gas Pipeline Permits: Industry Officials Approvals Required For Natural Gas Pipelines Subject of Court Appeals Related Stories: Oil-Natural Gas Industry Poll Shows Opposition To Nuclear Power Plant Subsidies Free Potassium Iodide Aug. 24 For Those Living Near PA’s 5 Nuclear Power Plants Finding PA’s Solar Future Stakeholder Meeting Sept. 14 In Philadelphia [Posted: August 16, 2017] |
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8/21/2017 |
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