# New England Natural Gas Prices Hit Two Year High | OilPrice.com

> New England's AGT-CG hub hit $15.25 per mmBtu on December 18, 2019, its highest since January 2018, during a cold snap. The spike was driven by pipeline constraints, the retirement of the Pilgrim nuclear plant, and reduced capacity on Tetco M3 with operational flow orders in place. Gas-fired generation has grown by almost 3 GW to replace the retired capacity.

- Date: 2019-12-24 · published 2019-12-24T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/7851-new-england-natural-gas-prices-hit-two-year-high-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Pipeline bottlenecks and higher gas-fired power demand in New England created a regional price spike even though national prices were weak. This shows how transport constraints can override broad oversupply in local gas markets.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-08-28 | [Natural Gas Prices Rise As Supply Risks Persist \| OilPrice.com](https://feedsoft.ai/events/34752-natural-gas-prices-rise-as-supply-risks-persist-oilprice-com.md) | +9.3% | +5.4% |
| NATGAS | 2024-06-03 | [Norway outage pushes European gas prices to highest this year](https://feedsoft.ai/events/7809-norway-outage-pushes-european-gas-prices-to-highest-this-year.md) | +24.9% | +9.1% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |
| NATGAS | 2022-10-31 | [U.S. natural gas futures jump 10% to two-week high on rising LNG exports - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/39307-u-s-natural-gas-futures-jump-10-to-two-week-high-on-rising-lng-exports-energy.md) | -5.3% | +18.8% |
| NATGAS | 2023-08-10 | [Natural gas prices are spiking again. Here’s why \| CNN Business](https://feedsoft.ai/events/34748-natural-gas-prices-are-spiking-again-here-s-why-cnn-business.md) | -12.5% | -14.5% |

## Sources

- oilprice.com: https://oilprice.com/Energy/Natural-Gas/New-England-Natural-Gas-Prices-Hit-Two-Year-High.html

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