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Barchart
Barchart
Rich Asplund

Nat-Gas Prices Fall Ahead of Opening of Texas Pipeline

October Nymex natural gas (NGV26) on Friday closed down -0.026 (-0.89%).

Nat-gas prices settled lower on Friday ahead of Energy Transfer LP’s scheduled start date next week for its Hugh Brinson pipeline in Texas. The pipeline, scheduled to begin service on September 1, will be able to move about 2.2 bcf/day of gas from the Permian Basin to East Texas, potentially boosting domestic nat-gas supplies at Erath, Louisiana, where benchmark US gas futures are traded at the Henry Hub.

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