• New England will be normal with the hot weather in the outer Northeast and Mid-Atlantic.
  • A rare summer withdrawal indicates a supply/demand balance that may set the stage for higher prices.
  • Natural gas commodity will incur slowly rising prices if LNG demand continues to increase.
  • Concerns about oil and Russian gas caused European LNG prices to rise above $14/MMBtu this past week.
  • New England's natural gas transportation basis reacted to higher European LNG prices.
  • Wholesale power prices follow movements in the natural gas commodity and natural gas transportation prices.