# As Production Returns, Natural Gas Forwards Sink, Appalachian Basis Diffs Widen

> Regional natural gas forwards fell sharply during May 23-29 as the June Henry Hub fixed price dropped 34.4 cents to $2.501/MMBtu. Analysts pointed to EQT bringing curtailed output back ahead of summer, and Wood Mackenzie estimated domestic output at 99.6 Bcf/d. The Mountain Valley Pipeline expansion also added capacity.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30460-as-production-returns-natural-gas-forwards-sink-appalachian-basis-diffs-widen
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising output and new pipeline capacity push forward gas prices lower, which lowers energy costs for US feed processors. Wider Appalachian basis differentials show the regional supply glut.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/as-production-returns-natural-gas-forwards-sink-appalachian-basis-diffs-widen/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.