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Bentek: Algonquin Citygate prompt month gas prices are 38% higher than November 2011

Bentek provides the crucial insight needed to make forward-looking decisions on the Northeast U.S. natural gas market.

Bentek provides key insight into Northeast US gas basis including AGT CG market.
Bentek provides key insight into Northeast US gas basis including AGT CG market.
Nov. 29, 2012 - PRLog -- EVERGREEN, CO (November 29, 2012) – Bentek Energy, a leading energy markets information and analytics company, reports that strength in New England natural gas cash prices is pushing Algonquin Citygate (AGT CG) prompt month contracts 38% higher this month compared to November 2011, with December-January AGT CG basis currently averaging $5.00-$6.00. Several factors are driving this price strength, including unseasonably high nuclear capacity outages and several rounds of colder-than-normal temperatures. In addition, incremental supply for peak demand days in New England must be sourced from LNG cargoes, and Bentek expects LNG prices to be unusually strong this winter. Access Bentek’s New England natural gas winter price forecast with the Northeast Market Call.

Request more information: http://marketing.platts.com/forms/NGAM201210-Bentek-Algon...

Key features of Bentek’s Northeast Market Call:

• Three-year seasonal forecasts for Northeast natural gas supply, demand and storage
• Basis forecasts through winter 2014/2015 and analysis for key regional markets including Algonquin Citygate, Transco Z6, TCO Appalachia, TGP Z6 and Z4
• Northeast expansions and maintenance impacts
• Commentary for buyers and sellers

Also available from Bentek: The New England: A Demand Island in a Sea of Supply Market Alert provides additional insight to help you analyze the market conditions contributing to surging New England gas prices this winter. This study provides seven forecast scenarios for Algonquin Citygate winter cash basis, including three base cases, two cold weather cases and two warm weather cases. Gain key market intelligence and review Bentek’s New England winter price forecasts with this new Market Alert.

Request a copy of the overview: http://marketing.platts.com/forms/NGAM201210-Bentek-Algon...

For more information about Bentek’s full suite of Northeast U.S. natural gas products, go to http://www.bentekenergy.com or call 1-888-251-1264.

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Source:BENTEK Energy
Location:Evergreen - Colorado - United States
Tags:Natural Gas Prices, Northeast gas market, Northeast gas prices, Algonquin Citygate
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