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Rich Asplund

Nat-Gas Prices Erase Early Gains on the Outlook for Larger US Supplies

United States Nymex BNEF EIA Electricity Natural Gas Texas

November Nymex natural gas (NGX24) on Wednesday closed down by -0.010 (-0.35%).

Nov nat-gas prices Wednesday fell back from a 3-1/2 month high and closed moderately lower.  Nat-gas gave up its gains on the outlook for larger US supplies.  The Matterhorn Express Pipeline began operations this week in Texas with a design capacity of 2.5 bcf per day.  The pipeline will move nat-gas over 580 miles from the Waha hub in West Texas to the Houston area, increasing domestic supplies and boosting gas supplies to gas export plants on the Gulf Coast.  

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