NOVA/AECO C Canada Natural Gas Prices

Daily Change
-0.18
-8.20%
Month/Month Change
-0.07
-3.30%
Year/Year Change
-0.19
-8.60%
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Region Location
Cdnnova_22022018_b829c716-6b02-4cb2-bb98-f21b10ba3f26

NOVA/AECO C Description

Includes deals that are conducted anywhere within TransCanada's Alberta System, otherwise known as NOVA. NOVA charges a non-mileage based postage stamp rate to move gas along its system, called the NOVA Inventory Transfer (NIT), so theoretically, there is little difference in price for gas delivered anywhere within the NOVA grid. The AECO Hub is a trademarked name used to describe Niska Gas Storage's two facilities (Suffield and Countess), but the pricing point AECO C is a virtual point that has come to mean all gas that is traded along NOVA under the provisions of the NOVA Inventory Transfer service. Reported in $C/GJ.
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Natural Gas Futures Sell Off Despite Supportive Storage; SoCal Moderates

Natural gas futures moved lower Thursday as supportive government storage data couldn’t inspire a rally even with indicators... Read More
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EIA Natural Gas Storage Figure Tighter Than Expected, Futures Near Even

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. Read More
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SoCal Citygate Leads Natural Gas Spot Surge in West; Futures Climb on Colder March Outlook

Colder-than-normal temperatures drove big natural gas spot price gains in the West on Tuesday, including a four-year high... Read More

Bulls Hoping for Cold March as Natural Gas Futures Skid Continues; Cash Mixed

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. Read More
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Natural Gas Futures Finish Near Even Again Despite Bullish Storage Stats

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. Read More
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EIA Storage Beats Market Estimates to Give Natural Gas Futures a Bump

The Energy Information Administration (EIA) on Thursday reported a triple-digit withdrawal from U.S. natural... Read More

Natural Gas Futures Rebound as Cold Risks Creep Back into Forecast; Spot Prices Mixed

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. Read More
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Natural Gas Futures Sell-Off Continues for Second Straight Week; Spot Prices Sink Too

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. Read More

Natural Gas Futures Sell Off to Cap Another Bearish Week; Rockies Spot Prices Rise

The natural gas futures market continued its recent run lower Friday, selling off more than a dime, as weather models offered a discouraging winter prognosis for the bulls. In the spot market, cold temperatures forecast for the northern United States lifted Rockies prices as New England pulled back ahead of a weekend warm-up; the NGI National Spot Gas Average fell 16 cents to $2.55/MMBtu. Read More
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Natural Gas Futures Near Even As Storage Stats No Surprise; Rockies Spot Prices Climb

A bearish government storage report that offered few surprises and an uninspiring weather outlook kept a lid on natural gas futures Thursday. Temperature shifts put spot prices in the Rockies on the ascent as East Coast points moderated; theNGI National Spot Gas Average shed 18 cents to $2.71/MMBtu. Read More