Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. For more information, please seeNGI's Price Methodology.
NGI's Natural Gas Forward Basis Prices are expressed in U.S.$/MMBtu and based on indicative data obtained from traders, exchanges and deals provided by energy companies. "Fixed Price" represent the forward prices of natural gas delivered for each reference period at the various locations/hubs. "Basis Price" represent the differential, for each reference period, between the Henry Hub and various locations/hubs. The Summer and Winter prices are simple averages of Apr-Oct (7 months) and Nov-Mar (5 months) respectively. "Bal Smr" and "Bal Wtr" prices represent simple averages of the remaining months in those seasonal strips (after at least one month has passed). For daily updates of these natural gas forward basis data in monthly bullets going out 5 years, contact sales at firstname.lastname@example.org.
Westcoast Station 2 Description
Gas delivered into Station 2 along Spectra's Westcoast Energy (WEI) pipeline. Station 2 is located near Chetwynd, BC, and is the main aggregation point from which supplies from the Northeastern part of British Columbia are shipped south along the main WEI pipeline. Reported in $C/GJ.
It was a tale of West versus East in the natural gas spot market for the week ended Friday. Weather maps seemed to split the Lower 48 down the middle, with colder than normal temperatures driving up prices across the Rockies and California as East Coast cities experienced unseasonable February warmth.
Natural gas futures traded near even Friday thanks to an afternoon rally as prompt-month expiration loomed and weather models continued to advertise colder patterns developing in early March. Spot prices fell across the board amid expectations for weekend demand declines and warmth in the East; the NGI National Spot Gas Average shed 16 cents to $2.40/MMBtu.
The Energy Information Administration on Thursday reported a natural gas storage withdrawal that was slightly tighter than market expectations. Futures traded on both sides of even following the news.
Natural gas futures finished the week with another down day Friday as the weather outlook continued to antagonize winter bulls. The spot market was mixed ahead of the long weekend, featuring large declines in the Northeast and a big increase in Southern California amid new import restrictions; the NGI National Spot Gas Average gave up 4 cents to $2.41/MMBtu.
Natural gas futures moved less than a penny for the second straight day Thursday as a bullish government storage report couldn’t overcome lackluster winter weather and rising production. In the spot market, a few Northeast points rallied as SoCal Citygate eased off recent gains; the NGI National Spot Gas Average added 5 cents to $2.45/MMBtu.
After selling off heavily since the start of February, natural gas futures ticked higher Tuesday, supported by weather models hinting that more cold could push into the East later this month. Spot prices were mixed, with Northeast points falling on mild weather as SoCal Citygate spiked; the NGI National Spot Gas Average fell 4 cents to $2.50/MMBtu.
A precipitous slide in the natural gas futures market that began when the calendar rolled over to February continued for the week ending Friday, setting a bearish tone for spot prices across most regions. The NGI Weekly Spot Gas Average skidded 50 cents to $2.75/MMBtu.
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.