• Hot weather is expected to return during the latter half of August.
  • A recent drop in natural gas production and a higher LNG export capacity utilization rate increased prices. If this trend continues, expect prices to move higher.
  • European winter LNG prices are roughly $0.50/MMBtu higher than last month.
  • 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.