Strong power burns and rising export demand launched spot gas prices sharply higher for the Oct. 19-23 period. Fueled by gains of more than 50.0 cents across much of the United States, but countered by steep losses in California and Appalachia, NGI’s Weekly Spot Gas National Avg. ultimately rose 42.5 cents to $2.405.

EIA storage oct 16

Benchmark Henry Hub picked up 53.5 cents week/week as feed gas demand from U.S. liquefied natural gas terminals soared to fresh highs after restrictions in waterways near the Sabine Pass and Cameron LNG terminals were lifted. By Wednesday, deliveries reached more than 8 Bcf, a level that was holding steady on Friday.

Power burns also remained strong despite the higher prices. Although much of the country is enjoying the cooler fall temperatures, cities across...