U.S. ENERGY INFORMATION ADMINISTRATION
WASHINGTON DC 20585
FOR IMMEDIATE RELEASE
January 18, 2013
WASHINGTON, DC - As much colder temperatures move into the U.S. Northeast next week, a special supplement released today by the U.S. Energy Information Administration looks at how natural gas supply constraints in New England could affect the region's energy prices. In fact, spot prices of natural gas for delivery between Saturday, January 19 and Tuesday, January 22 exceeded $14 per million British thermal units (MMBtu) at some Northeast locations. This is about four times higher than the $3.54 price for the same delivery period reported at Henry Hub, the benchmark location for pricing natural gas in the United States.
EIA posted the supplement here on its website.
Highlights of the supplement:
Since November, New England has had the highest average spot natural gas prices in the nation. Full pipelines from the west and south limit further deliveries from most of North America, while high international prices and declining production in eastern Canada pose challenges in making up the difference from the north and east, except at higher prices. As a result of these market conditions, New England natural gas and electric power prices this winter will be volatile at times. During November and December, spot natural prices in the northeastern United States went up and down in relation to weather-driven pipeline constraints. These price movements have continued into January 2013 so far. Looking to the rest of this winter, recent forward market prices indicate that New England's high natural gas prices could persist and rival northwestern European prices, which could lead to an increase in LNG imports. This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA's data, analyses, and forecasts are independent of approval by any other officer or employee of the United States Government. The views in this report therefore should not be construed as representing those of the Department of Energy or other federal agencies.EIA Program Contact: Christopher Peterson, 202-586-4804, christopher.peterson@eia.govEIA Press Contact: Jonathan Cogan, 202-586-8719, jonathan.cogan@eia.govEIA-2013-1
Captain America: The Winter Soldier comes to theaters April 4th, 2014 and stars Chris Evans, Samuel L. Jackson, Anthony Mackie, Frank Grillo, Scarlett Johansson, Cobie Smulders, Sebastian Stan, Toby Jones. The film is directed by Anthony Russo, Joe Russo.
Popular post
-
Word has it Chrysler is keen to shove its new turbo diesel V6 into a range of models. Wards Auto reports Chrysler President and CEO Saad ...
-
Spotify gives you instant access to millions of songs on your iPhone, iPad & iPod Touch. With the Spotify app, you can choose to listen...
-
View the original article here
-
var _comscore = _comscore || []; _comscore.push({ c1: "2", c2: "6035369", c3: "", c4: "" })...
-
View the original article here
-
U.S. ENERGY INFORMATION ADMINISTRATION WASHINGTON DC 20585 FOR IMMEDIATE RELEASE January 29, 2013 The U.S. Energy Information Administratio...
-
var _comscore = _comscore || []; _comscore.push({ c1: "2", c2: "6035369", c3: "", c4: "" })...
-
By BY TOM VOELK from NYT Automobiles https://ift.tt/3E8TIFB
-
Kickstarter backers who have donated $25 and above to the Veronica Mars movie will be getting a specially designed T-shirt that comes in tw...
-
View the original article here