As the U.S. natural gas market continued to assess winter supply risks in the context of exorbitant European energy costs, forwards eased lower during the Aug. 25-30 trading period, NGI’s Forward Look data show.

Fixed price trading for October delivery at benchmark Henry Hub shed 25.8 cents during the period to end at $9.047/MMBtu. For most Lower 48 hubs, discounts were in line with the national benchmark.

Notable exceptions were in Appalachia and the Southeast, where hubs posted smaller discounts amid pipeline maintenance events that temporarily dragged down production. Late-season heat waves also impacted forward prices.

In the Northeast, Eastern Gas South October basis picked up 11.0 cents for the period to end at minus $1.533.

Fixed price declines at West Texas hubs,...