NOVA/AECO C Canada Natural Gas Prices

Daily Change
0.01
0.60%
Month/Month Change
-0.25
-12.10%
Year/Year Change
-0.89
-32.80%
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Region Location
Cdnnova_19012018_c1a6f9d0-13c1-43ed-8655-2760a2385d9e

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.
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Winter Hits Deep South to Drive Up Weekly NatGas Spot Prices; Futures Mull Lean Storage

A blast of cold temperatures and a rare winter storm in Texas helped lift natural gas spot prices for the week ending Jan. 19, while a lean storage picture helped futures reach an eight-month high. The NGI Weekly Spot Gas Average climbed 45 cents to $4.06/MMBtu. Read More

Natural Gas Spot Prices Sink on Lackluster Weekend Demand; Futures in Holding Pattern

Natural gas futures traded near even Friday as a warm forecast and lean storage picture left the market on the fence. Cash prices sank on expectations for moderate temperatures and lackluster demand over the weekend, and the NGI National Spot Gas Average dropped 25 cents to $3.10/MMBtu. Read More
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Natural Gas Futures Stumble Before Afternoon Rally; Cash Plunges on Warmer Temps

Natural gas futures stumbled Thursday after a bearish miss on the Energy Information Administration's weekly storage figure, but an afternoon rally helped limit the damage. Read More
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EIA Natural Gas Storage Report a Bearish Miss; Futures in Retreat

The Energy Information Administration (EIA) reported a natural gas storage withdrawal Thursday that fell short of consensus estimates, and in response, futures sold off sharply. Read More

Natural Gas Cash Prices Surge Down South on Wintry Weather; Futures Retreat

After rallying to above $3.200 last week, natural gas futures retreated Tuesday as forecasts showed milder temperatures arriving later this month. Meanwhile, unusually cold conditions in the South to start the week -- including wintry precipitation in Southeast Texas -- drove up spot prices across the region. The NGI National Spot Gas Average climbed 28 cents to $5.43/MMBtu. Read More

Another Round of Arctic Cold Lifts Natural Gas Spot Prices; Futures Surge to $3.20

Coming off a record storage pull, and with the latest weather data trending colder, prompt-month natural gas futures rallied Friday to their highest levels since November. Meanwhile, the arrival of more cold weather saw elevated winter pricing return to the cash market, especially along the East Coast; the NGI National Spot Gas Average jumped $1.97 to $5.15/MMBtu. Read More
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Natural Gas Storage ‘Doozy’ Shatters Record, Sparks Futures Surge; Cash Rising Ahead of Cold

A record natural gas storage withdrawal that managed to exceed already lofty market expectations on Thursday helped spark a 17-cent surge... Read More
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Wowzers! Record 359 Bcf EIA Natural Gas Storage Pull Delivers on Lofty Expectations

It's a new record -- and it wasn't even close. Read More

NatGas Futures Higher on Colder Forecast for Next Week, Talk of Big Storage Pull

Natural gas futures pushed higher Tuesday amid bullish changes in the medium-term weather outlook and talk of a record pull from storage inventories. Meanwhile, a thaw in the Northeast dropped cash prices there Tuesday; with mostly small moves elsewhere, the NGI National Spot Gas Average gave up 22 cents to $3.20. Read More
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Extreme Cold Drives Record-Setting Week in NatGas Cash; Futures See Warm-Up Ahead

In a week that saw the highest spot price ever recorded by NGI, extreme cold weather --  including a fast-developing winter storm that pummeled the East Coast -- drove up demand and cash volatility. Nearly every region followed by NGI saw widespread gains of $1 or more, and the Weekly Spot Gas Average surged $5.36 to $10.71/MMBtu. Read More