New England January Gas Forwards Top $20 Amid US Glut
New England natural gas forwards for January 2027 are topping $20/MMBtu at several key hubs, defying broader US winter trends.

New England natural gas forwards are exceeding $20/MMBtu for January 2027 delivery at several key regional hubs, according to NGINaturalGas. The regional price strength contrasts sharply with the broader United States winter market outlook, where Henry Hub trades below $4 and expectations point to ample domestic supplies and a relatively comfortable winter.
Regional Market Divergence
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The stark divergence highlights persistent infrastructure and delivery constraints in the northeastern United States during peak winter demand periods, even as national supply metrics remain robust. Henry Hub prices hovering below $4 reflect the wider domestic surplus.
Key facts
- New England January 2027 natural gas forwards top $20/MMBtu at several key hubs.
- Broader US winter market expectations point to ample supplies.
- Henry Hub trades below $4.
- Regional pricing defies the wider comfortable US winter outlook.
Source: naturalgasintel.com
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