Total U.S. consumption of natural gas fell 2% week/week as demand for power generation dropped 10% under cooler weather. Consumption in both the industrial sector (+2%) and residential-commercial sector (+22%) saw gains week/week, while natural gas exports to Mexico decreased 2%.
After a couple weeks of consistent price gains, especially on the winter 2019 portion of the forward curve, Northeast prices generally stayed flat or experienced a slight decrease. For the NEMASSBOST zone in ISONE, the 12 Month ATC strip decreased $0.09 (-0.2%) to $48.87. The 24 Month ATC strip increased by a slight $0.04 (0.1%) to $47.38 while the Cal 2019 ATC strip increased a notable $0.49 (1%) to $48.02/MWh.
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