Highlights NGPL Midcontinent at 24 cent discount to Henry Hub Transmissions up 200 to 300 MMcf/d, July 1 to date Storage level at 188 Bcf, record low for mid-September Weak basis prices in the US Midcontinent are keeping outbound gas transmissions elevated recently. As shippers push more supply to higher-priced spot markets, regional storage has fallen to its lowest mid-September level since at least 2005, raising alarm in the market over winter-season supply reliability. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At the NGPL Midcontinent hub, the region’s benchmark location, cash basis has averaged a 24 cent discount to Henry Hub since the start of August. In the second quarter, the Midcontinent location had averaged just an 18 cent discount to Henry Hub, S&P Global Platts data shows. Historically, the Midcontinent has offered reliable basis discount to neighboring markets, making it a key supplier […]