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.
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.
Next-day gas for Tuesday delivery generally eased in Monday trading as stout double-digit gains in New England were unable to counter broader setbacks at Midwest market points and producing zones.
Buyers for three-day deals were in short supply in Friday's trading and physical natgas at nearly all points fell into the loss column. The losses were surprisingly uniform and most points were off a nickel to a dime, even the usually volatile Northeast.
Physical natural gas traders weren't taking any chances Thursday and got their deals done ahead of the release of the Energy Information Administration's weekly storage report. Most points outside the Northeast lost a few pennies up to a nickel, but Northeast points were down about a dime on average, and the NGI National Spot Gas Average fell 4 cents to $2.90.
Physical natural gas prices for Wednesday delivery as well as futures moved little in Tuesday's trading. Strength in New England and Appalachia proved barely adequate to give spot prices a positive luster and offset broad but minimal changes in Midwest market zones, as well as the Midcontinent, Rockies and California.
he $3 threshold proved just a little bit much for weekly natural gas prices and the NGI Weekly Spot Gas Average retreated from last week's $3.03, dropping 14 cents to $2.89 over the shortened 4-day trading week.
Physical natural gas for delivery Thursday inched lower in Wednesday trading as very modest gains in the Northeast and Rockies were unable to counter broad declines of a few pennies at most major market centers.
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.