Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. The deals column represents the number of transaction reports used by NGI in the calculation of the price and the volume column, while the sum of the volume of those deals, in thousand MMBtus/day. For more information, please see NGI's Price Methodology.
Forward 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 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 data in monthly bullets going out 5 years, contact sales at firstname.lastname@example.org.
Houston Ship Channel Description
NGI's Houston Ship Channel Index is comprised of transactions within the "Houston Pipe Line Pool." Our index does not include deals at the "Golden Triangle" area of Beaumont, Port Arthur, and Orange in Jefferson and Orange Counties, TX, nor does it include transactions at the refinery hub in Texas City, which is located in Galveston County, TX. We defer to the locations that ICE includes in its definition of the HPL Pool, which ICE lists as the following meter name and numbers:
Air Liquide Bayport 988001
Air Products La Porte 981281
Air Products Pasadena Chemical 981418
Celanese Clear Lake 988018
Chevron Phillips Cedar Bayou 981024
Dow Deer Park 981506
Enterprise Mont Belvieu 981326
Equistar Channelview North 981373
Equistar Laporte Polymers 981553
ExxonMobil Baytown Refinery 981631
ExxonMobil Plastics Mont Belvieu 981379
Gulf Coast Fractionators 981389
Ineos Chocolate Bayou 981686
Ineos Deer Park 983409
Lanxess Baytown 981550
LCY Elastomers 981531
LyondellBasell Houston Refinery 981063
OptimAltura Channelview Cogen 981563
Oxy Vinyls Battleground Rd 981485
Oxy VinylsLaPorte 981444
San Jacinto Cogen 981554
Shell Deer Park Cogen 981581
Shell Deer Park East 981060
Shell Deer Park South 981095
Targa Mt Belvieu 981084
Valero Houston Refinery 981394
Valero Premcor 981511
ICE HSC HPL Pool meter 987342
July natural gas was uncharacteristically active Friday as traders eyed increasingly hotter trends in the latest weather forecasts and the potential hotter temperatures may have on already below-normal storage inventories. The Nymex July gas futures contract settled 5.7 cents higher at $3.022.
July natural gas futures strengthened Wednesday, climbing to $2.963, as slightly warmer trends in the latest weather models and expectations of a near to slightly below-average storage injection on Thursday lifted the market. Spot gas prices were mostly lower, but some areas did get some uplift as hotter near-term forecasts increased the number of cooling degree days on tap for the next 15 days. The NGI National Spot Gas Average stayed flat at $2.63.
What started out as a promising sign of a move toward $3 for natural gas futures Tuesday morning eventually fizzled by midday, even as weather models maintained hotter trends for the coming weekend over the U.S. Midwest and East. The Nymex July contract settled at $2.939, down 1 cent on the day.
July natural gas futures started the week with a 5.9-cent rally to $2.949 as hotter trends showed up in medium-range weather forecasts, with lingering heat risks seen extending into the long-range.
It was a sluggish start to the week for natural gas and despite some late-week support from a pipeline explosion and a brief return of hot weather to key demand areas, prices ended the week in the red; the NGI Weekly National Spot Gas Average fell a penny to $2.58.
July natural gas futures retreated ahead of the weekend as cooler trends showed up in overnight model runs and again in midday Friday runs. Spot gas prices also declined even as near-term ridging was expected to send temperatures in the eastern U.S. soaring well above normal, albeit very temporarily. The NGI National Spot Gas Average slid 10 cents to $2.51/MMBtu.
July natural gas prices fell more firmly into the red Tuesday as cooler weather on tap for the second half of June stole the spotlight from substantial storage deficits and lackluster production.
With the natural gas markets making the transition to summer after an unusually hot May, weekly spot prices strengthened across most regions for the week ended Friday, especially in the West; the NGI Weekly National Spot Gas Average gained 11 cents to $2.59/MMBtu.
As the saying goes, April heating demand brings May cooling demand, or something to that effect.
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.