Warming trends due Thursday in the South along with much of the Midwest and Rockies caused enough diminution of heating load to push prices a few cents lower at a modest majority of points Wednesday. However, forecasts of windy snow showers and lows generally in the 30s kept quotes moving much higher in most of the Northeast, with several citygates again recording dollar-plus advances.
Despite the overall price downturn Wednesday, Bentek Energy's U.S. Natural Gas Hub Flows chart showed nominated volumes increasing for that gas day at 13 of the 23 points it covers. The biggest gains included the Chicago citygate, up 242,000 MMBtu (11%); Waha, up 227,000 MMBtu (34%); Texas Eastern M-3, up 213,000 MMBtu (6%); Questar, up 208,000 MMBtu (17%); Columbia Gas, up 195,000 MMBtu (4%); and Northern Natural-Ventura, up 120,000 MMBtu (11%). The only major decline, Bentek said, was at Malin, down 237,000 MMBtu (19%).
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