NGPL Expansion and LNG Outages Push Henry Hub Natural Gas Below $3

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NGPL Expansion and LNG Outages Push Henry Hub Natural Gas Below $3
PrimeXBT Editorial Team
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Kinder Morgan's Natural Gas Pipeline Co. of America has stepped up deliveries toward Louisiana after bringing its Texas-Louisiana Expansion Project to full service, adding supply to Henry Hub. That extra supply, together with LNG outages, has pushed the Henry Hub spot price below $3.

Kinder Morgan's Natural Gas Pipeline Co. of America (NGPL) has stepped up deliveries toward Louisiana after bringing its Texas-Louisiana Expansion Project to full service, adding supply pressure to Henry Hub spot prices.

With the extra supply reaching the market, the Henry Hub spot price has fallen below $3.

LNG outages have added to the move on the natural gas benchmark. LNG outages compound the price pressure alongside the added pipeline supply.

Source: Natural Gas Intelligence (snippet-based)

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