February 17, 2021 – Natural Gas Intelligence
Natural Gas Market Chaos Continues as Texas Governor Bans Producers From Selling Outside State
By Leticia Gonzales
…Midwest prices, however, fell by the triple-digits, as did some Rockies pricing locations. East Coast prices also started to crumble. Transco Zone 6 NY next-day gas averaged $13.495, down $1.500 from Tuesday.
“To state the obvious, prices are a function of both demand and supply, and this Arctic event has been a doozy for both sides of that equation,” said RBN Energy LLC analyst Sheetal Nasta…
…RBN analyst Jason Ferguson said Permian output was down to around 3 Bcf/d, off from almost 11.5 Bcf/d last week.
Meanwhile, exports, both to Mexico via pipeline and in the form of liquefied natural gas (LNG), have been heavily impacted by the reduction in supply…