Pipeline, LNG Plant Outages Cause M-U Gas Prices to Plummet

The "bad old days" of low low prices for natural gas have returned to the Marcellus/Utica region--at least temporarily. During the past few weeks natural gas prices at Appalachian supply hubs Dominion South and Tennessee Zone 4 Marcellus fell from about $2 per million British thermal units (MMBtu) in mid-September to lows of 76¢/MMBtu and 65¢/MMBtu, respectively, on October 4. Ouch. Why the drop-like-a-rock in price? For a variety of reasons, but there are two main factors...

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