ANR ML7 Midwest Natural Gas Prices

Daily Change
1.16
35.90%
Month/Month Change
1.59
56.80%
Year/Year Change
-34.66
-88.80%
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Region Location
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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.

ANR ML7 Description

Includes deliveries to all points within ANR's "Northern Area," which ANR formally defines as all points downstream of the Sandwich, IL and Defiance, OH Compressor Stations. The Northern Area is also referred to as ML7. This region includes points in Wisconsin, Northeast Illinois, Northwest Indiana along Lake Michigan, Michigan, Northeast Indiana, and Northwest Ohio. Our ML7 index excludes transactions at the Joliet Hub, since that is a separate index.

Northeast Weakness Buoyed by Broader Strength; Futures Meander Higher

With the exception of a few East and Northeast points, next-day gas staged a strong performance Tuesday as weather-driven gains in the Midwest and Great Lakes outdid New England and Mid-Atlantic weakness. Read More

Broad Gains Outweigh Northeast Losses; Futures Traders See $2.40 By Month’s End

Next-day cash prices were mostly higher in Monday's trading, overcoming stiff declines at a few Northeast points to gain 5 cents overall to $3.23. Read More

Sunday, Monday Natural Gas Cash Quotes Beat Down; Futures Manage A Gain

Red ink was spread far and wide at the conclusion of physical market trading Friday for Sunday and Monday delivery. Read More
bidweekgraf0227

Firm Producing Area Natural Gas Pricing Unable to Counter Market Zone Weakness

It was a wild and wacky four-day week of natural gas trading to finish February, and when the smoke cleared Thursday afternoon, several regions of the country had posted double-digit gains, but others were down by multiple dollars. The NGI Weekly Spot Gas Average fell 33 cents to average $5.45, heavily influenced by losses in the Midwest of $2.29 to average $4.91. Read More
EIAStorage0226

Weather, Storage, Production Prod Cash, Futures Sharply Lower

Typically, physical traders will get their deals done early on the day of the Energy Information Administration’s natural gas inventory report, and in this case Thursday's broad market collapse may have been precipitated by April futures opening nearly a nickel lower, well before the inventory report. Read More
EIAStorage0226

Bulls Circling Wagons Following Lean Storage Draw

Natural gas futures careened lower after the release of government storage figures Thursday showing inventory drawdowns well below trader expectations. Read More

Physical Gas Firm as East Readies For Cold, Curtailments; March Futures Out Like a Lamb

Physical natural gas for delivery Thursday was able to work higher in Wednesday's trading as a strong cold front along the East Coast helped lift next-day quotes. At the end of the day, gains in the Mid-Atlantic, Gulf, West Texas, and Rockies proved enough to counter weakness in New England and the Marcellus. Read More

New England Jumps, Yet Overall Market Down A Dime; Futures Mixed

Next-day gas prices in Tuesday's trading took most of their guidance from the power sector as New England posted strong gains, but the rest of the country saw losses of from a dime to upwards of 20 cents. Read More

East, Gulf and Rockies Gains Outdo Soft Midwest; Futures Traders Find $3 Tempting

Next-day gas prices at Midwest and Great Lakes locations retreated in Monday's trading, but that weakness was no match for market gains in New England, the Mid-Atlantic, Gulf, Rockies and California. Overall the market gained 95 cents to $5.88. Read More
FL_Stack-20150220

Last Week’s Brutal Eastern Cold Failed to Bolster NatGas Forwards Prices

Even as much of the central and eastern U.S. continues to experience what some have dubbed the “snowpocalypse,” only a handful of affected natural gas forwards markets saw any significant price action from Feb. 13-19. Read More