South Texas gas hubs could be facing upside price risk during the approaching summer months as rising export demand from Mexico and LNG feedgas keep the region’s supply under pressure.  In recent trading, forward basis at Agua Dulce and Texas Eastern STX has been pricing at 3 cents to 4 cents below levels seen last summer, despite the anticipated uptick in regional demand this year. For the peak-demand months of June, July and August, forward basis at Agua Dulce is currently pricing at about an 8 cent/MMBtu premium to Henry Hub. At the Texas Eastern STX hub, summer forward-basis is actually priced at 1 cent/MMBtu discount to the benchmark, S&P Global Platts data shows. During the […]