If you take a look at natural gas pricing in the Northeast not every price metric is depressed. We ask Bloomberg Intelligence energy expert Vincent Piazza to talk us through the pricing.
"When you think of the Appalachian area," Vince says, "Think of the Northeast Marcellus and then the Southwestern section of the Marcellus." There is some imbalance between the two — and so over the broader Northeast, you will continue to have intermittent, wide pricing differentials due to this imbalance.
There is, Vince says, a "structural, secular shift of significant capacity relative to the cyclical, season demand needs within the area."