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.
Dominion South Description
Includes all transactions within Dominion's South Pool, which is the portion of the pipeline that lies upstream of Valley Gate Junction in Allegheny County, PA. This includes the Pennsylvania portion of the system that lies south of Valley Gate Junction, along with the segments that are located in Ohio, Maryland, West Virginia, and Virginia. NOTE: NGI split its prior Dominion index into separate Dominion North Point and South Point indexes in April 2014. Prior to that, our Dominion index was a combination of North and South point deals. We at NGI did not see a meaningful volume of reported deals on Dominion North until late 2013, so for historical comparison purposes, our old Dominion index aligns most closely with our new Dominion South Point index.
In contrast to recent range-bound action, natural gas futures added close to a dime Tuesday as forecasters noted hotter medium-range weather trends that could keep current storage deficits from shrinking as quickly as previously thought. In the spot market, prices strengthened across the Midwest and Texas with hot weather on the way, while points in the West pulled back; the NGINational Spot Gas Average added 4 cents to $2.44/MMBtu.
Some above-normal May temperatures offered a slight boost for natural gas spot prices during the week ended Friday, while storage deficits helped bulls gain ground in the futures market despite a larger-than-average injection; the NGI Weekly National Spot Gas Average climbed 7 cents to $2.38.
Natural gas futures inched lower Friday after trading in a fairly narrow range, with the market continuing to piece together a storage picture that could see deficits persist deep into the summer. In the spot market, prices fell across markets in the West as Midwest points strengthened following recent declines; the NGI National Spot Gas Average slipped a penny to $2.33/MMBtu.
Natural gas futures pulled back slightly Tuesday as analysts pointed to the potential for prices to retreat further ahead of an Energy Information Administration (EIA) report expected to show a larger-than-average storage injection. In the spot market, hotter temperatures supported higher prices in Texas and the Midwest, while Appalachia continued to show volatility coinciding with maintenance in the region; the NGI National Spot Gas Average added a nickel to $2.44/MMBtu.
Natural gas futures inched lower Tuesday, with bears and bulls both struggling to gain the upper hand amid the competing influences of production growth and storage deficits. In the spot market, with moderate shoulder season weather in full swing across much of the Lower 48, most regional averages finished within a few pennies of even; the NGI National Spot Gas Average climbed 2 cents to $2.35/MMBtu.
Natural gas futures rebounded Monday after trading on both sides of even, with the market continuing to weigh production growth against storage deficits as May forecasts hint at cooling demand potential.
With generally moderate May weather equating to a lack of significant heating or cooling demand during the week ended Friday, natural gas spot prices trended lower; theNGI Weekly National Spot Gas Average fell 11 cents to $2.32/MMBtu.
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.