NOVA/AECO C Canada Natural Gas Prices

Daily Change
0.02
0.80%
Month/Month Change
-0.92
-25.70%
Year/Year Change
-1.01
-27.50%
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Region Location
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© Copyright 2014 Intelligence Press, Inc.

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 see NGI'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 info@natgasintel.com.

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.
EIAStorage1219

New England Price Strength Can't Counter Broader Weakness; Futures Fumble After Storage Report

Gas buyers faced with the extended Thursday-through-Monday holiday period were generally treated to a plate of lower prices. Overall, weakness in the Gulf and Midcontinent was greater than hefty $1 plus gains in New England, and the overall decline was a penny to average $2.53. Read More
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Thin Storage Pull Has Bears On The Hunt

Natural gas futures tumbled following the release of government storage figures showing a lower withdrawal than what the market was expecting. Read More

Dominion South at Record Low as Cash Weakens; Futures Inch Higher

Physical gas for Wednesday delivery continued to spiral lower in Tuesday's trading as weather forecasts called for load-killing moderate temperatures to prevail up and down the Eastern Seaboard. Read More

NatGas Physical, Futures In Tailspin; January Sheds 32 Cents; East Sees $1.00 Quotes

Both physical and futures markets fell hard and fell often in Monday's trading. Declines were most pronounced in the cash market where not one market location registered a gain, and all locations were deep into the loss column by double digits. Temperature forecasts in major markets called for seasonal if not increasing readings out to Christmas and the average decline was 55 cents. Read More
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Soft Northeast Pulls National Weekly Average Into The Loss Column

Weekly price declines in the Northeast were severe enough that an otherwise firm national market slipped into the red. The NGI Weekly Spot Gas Average fell 9 cents to $3.48, but most other sections of the country were either unchanged or a few pennies higher. Read More

Cash, Futures Tumble as Traders Turn Skeptical; January Drops 18 Cents to Lowest In a Year

Natural gas for weekend and Monday delivery had the trajectory of a safe falling from a 10-story building in Friday's trading. Most losses were deep into double digits. Read More

Technical Support In Sight; January Natural Gas Called 10 Cents Lower

January natural gas is expected to open 10 cents lower Friday morning at $3.54 as traders balance a weakening technical outlook with expectations for robust Christmas cold. Overnight oil markets rose. Read More
EIAStorage1218

Cash, Futures Part Ways; January Retreats 6 Cents

Physical gas for Friday delivery was mostly higher in Thursday's trading, although some moderate weakness was noted in the Midwest and California. The strongest gains were seen at New England points, where prices surged over $1 amid forecasts of steady power loads and higher peak prices as well as a trend to cooler temperatures. The overall market gain was 6 cents. Read More
EIAStorage1218

Natural Gas Futures Push Higher Following Lower-Than-Normal EIA Storage Draw

Natural gas futures moved higher Thursday morning following the release of government natural gas storage figures, which revealed that 64 Bcf was withdrawn from underground storage for the week ending Dec. 12. The number was slightly higher than industry expectations, but well below historical comparisons. Read More

Northeast Leads Widespread Natural Gas Market Gains; Futures Recover Some Losses

Natural gas for Thursday delivery rose at nearly every market point in Wednesday's exchanges as pronounced trends toward cooler temperatures, along with rising power loads, kept a firm bid under the market. Read More