With the market preparing to turn its attention to the start of winter heating demand, natural gas forwards at numerous Lower 48 hubs posted modest gains during the Sept. 29-Oct. 5 trading period, NGI’s Forward Look data show. 

Despite a small discount at benchmark Henry Hub, which shed 3.0 cents to $6.935/MMBtu, prices for November delivery climbed at a number of demand hubs. Strengthening in November basis differentials was widespread, including trading locations in the Northeast, Appalachia, Midwest and Rockies.

In New England, Algonquin Citygate basis climbed to plus $4.138 for November delivery, a 16.1-cent swing higher for the period. 

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