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Living in Fast Forward Curves – Top Drivers to Watch in the Northeast Gas Market

Read more blogs from this series

  1. Living in Fast Forward Curves – Making Sense of Forward Natural Gas Markets
  2. Living in Fast Forward Curves – Following the Northeast – Transco Z6 NY
  3. Living in Fast Forward Curves – Following the Northeast – Dominion South
  4. Living in Fast Forward Curves – Top Drivers to Watch in the Northeast Gas Market
  5. Living in Fast Forward Curves – Is the Market View of Northeast Forward Basis Too Pessimistic?
  6. Living in Fast Forward Curves – Doing the Midwest Natural Gas Supply Stack Shuffle
  7. Living in Fast Forward Curves – Doing the Midwest Supply Stack Re-Shuffle

The Dominion South Point strip price for the balance of 2015 (March-December) has been settling consistently under $1.90/MMBtu, while Transco Zone 6 in New York is averaging around $2.80/MMBtu in this week’s forwards market. Meanwhile, Northeast and US gas production remain near record levels. The breakeven price environment and looming oversupply leaves producers and the industry vulnerable to the downside. Where and when will prices bottom out? What, if anything, would trigger a rebound?  Today Part 4 of our Forward Curve Series, focuses on fundamental factors driving Northeast forward curves over the next few years.

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