Houston (Platts)--20Feb2013/1126 am EST/1626 GMT

US Northeast spot natural gas prices saw another surge Wednesday on more low temperatures forecast for the region, with Transcontinental Gas Pipe Line zone 6-New taking over the premium price in North America.

The New York point jumped $2.50 to average in the low $17.40s/MMBtu on IntercontinentalExchange. That widened its premium to Transco zone 6-non New York to $13.07 as non New York moved up 28 cents to average in the mid-$4.30s/MMBtu on ICE.

New York City was forecast to see a high temperature of 35 degrees Thursday, about 9 degrees below the seasonal norm.

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New England prices also saw significant rises on similarly cold weather, with the Algonquin Gas Transmission city-gates jumping $2.38 to average around $16.50/MMBtu on ICE. Tennessee Gas Pipeline zone 6-200 Leg rose $2.27 to average in the high $16.30s/MMBtu.

Dracut, Massachusetts, saw an increase of about 17 cents to average in the low $16.10s/MMBtu.

Iroquois Gas Transmission, zone 2, saw the largest jump, rising $3.74 to average in the mid-$15.50s/MMBtu on ICE. Meanwhile, upstream Iroquois, receipts, saw a drop, coming down 13 cents to average in the high $4.70s/MMBtu.

--Patrick Badgley, patrick_badgley@platts.com
--Edited by Katharine Fraser, katharine_fraser@platts.com

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