Spread narrows between Henry Hub and regional U.S. gas hubs
Monday, 05 October 2020
Spot price differentials between regional U.S. gas trading hub and the benchmark Henry Hub have narrowed in the first half of 2020 amid lower production and a Covid-19-related plunge in demand. Basis prices are set to stay narrow at most hubs, with Winter 2020/21 forward basis swaps for SoCal Citygate and Waha Hub averaging $1.11 per MMBtu and -$0.47 per MMBtu.
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