ANR ML7 Midwest Natural Gas Prices

Daily Change
0.04
1.40%
Month/Month Change
-0.05
-1.70%
Year/Year Change
-4.59
-60.60%
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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.
bidweek0123

Weekly Natural Gas Cash, Futures Markets Drop; February Settles Sub-$3

Moderate temperatures for much of the country, combined with ample natural gas supply teamed to push physical natural gas prices lower for the week ending Jan. 23, and natural gas futures jumped onboard as fresh storage data Thursday revealed a smaller withdrawal from inventory than the industry had been expecting. Read More

NatGas Futures, Eastern Cash Push Higher, But Winter Northeast Basis Blowouts Kept at Bay

Staring down another winter storm in the East, natural gas prices -- both physical and futures -- ballooned on Friday as traders looked to cover whatever the weekend might bring. Read More
EIAStorage0122

Cash, Futures Slump on Milder Temps, 216 Bcf Natural Gas Storage Draw

Aided by a smaller than expected inventory withdrawal report and moderating temperatures in much of the East, natural gas prices -- both physical and futures -- dropped significantly on Thursday. Read More
EIAStorage0122

Smaller-Than-Expected 216 Bcf Storage Draw Creates Downward NatGas Price Pressure

Thursday morning's natural gas storage report revealing a whopping 216 Bcf was removed from underground inventories for the week ending Jan. 16 hit natural gas markets with a thud instead of a bang, because while the withdrawal was significantly higher than any historical comparison, it fell short of industry expectations. Read More

Expected 'Epic' NatGas Storage Draw Fails to Secure $3-Plus February Close

Switching roles from Tuesday's trade when Northeastern physical natural gas prices climbed while the rest of the country sank, much of the nation's pricing points Wednesday for Thursday delivery saw small upticks, while prices in the East and Northeast declined -- all while a winter storm moved up the eastern seaboard. Read More

Northeast Gains Amid Sea of Red Ink; Futures Spiral Lower

Next-day gas prices Tuesday in the Northeast generally took their cue from near-term weather forecasts and a firm power market, but market centers and producing zones more in alignment with the Henry Hub followed the free-falling futures market and shed more than a dime. The overall market loss was 15 cents. Read More
bidweekgraf0116.png

Wide Variations Highlight Weekly Trading

Trading was mixed for the week ended Jan. 16, with prices at some locales dropping triple digits while others posted modest gains. TheNGI Weekly Spot Gas Average fell 45 cents to $3.32, but variations between individual market points were great. Read More

Northeast Leads Broad Retreat; Futures Holding $3

There was little interest Friday in committing to weekend and Monday deals, and prices fell hard and fell often. Read More
EIAStorage0115

Futures, Cash Part Ways as Physical Prices Stage Broad Advance; Futures Drop 8 Cents

Next-day gas posted solid gains in Thursday for Friday trading as weather systems proved supportive and the screen continued to make new highs... Read More
EIAStorage0115

Futures Scoot Higher on Hefty Storage Pull

Natural gas futures surged but then backed off following the release of government storage figures showing a higher withdrawal than traders had anticipated. Read More