NOVA/AECO C Canada Natural Gas Prices

Daily Change
-0.17
-11.00%
Month/Month Change
0.02
1.50%
Year/Year Change
-1.20
-46.50%
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Region Location
Cdnnova_19092017_62da45f2-9889-4358-bde7-4c0f74720d84

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.

Screen Strength Lifts NatGas Cash; Futures Bears See Trouble as October Adds 12 Cents

Physical natural gas for Tuesday delivery, as well as futures, vaulted higher Monday as forecast warmer temperatures aided and abetted the bullish cause. Physical gains were deep and widespread, with the Northeast being especially strong, while California, the Rockies and West Texas also provided price leadership. Read More

NatGas Cash Probes One-Year Lows, Futures Give Up 9 Cents

Traders were unwilling to commit to three-day deals for physical natural gas Friday as they not only saw a well-supplied market, but looked at the potential loss of demand stemming from Hurricane Irma. Several points traded near one-year lows, and the hardest hit regions were the Rockies, Northeast, Appalachia, and the Southeast. The NGI National Spot Gas Average skidded 15 cents to $2.40. Read More
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Weekly NatGas Prices Toe The Line In Wake Of Harvey, Pending Irma

Having to deal with not only demand destruction and production setbacks in the wake of Hurricane Harvey, but now also impending demand loss in the face of approaching Hurricane Irma, the natural gas market for the week ended Sept. 8 still proved rather resilient. Read More
Camerons Corner0906

NatGas Cash, Futures Hold Their Ground As Irma Approaches; October Adds 3 Cents

Stout declines at Northeast points were almost able to offset broad regional gains in physical natural gas trading Wednesday for Thursday delivery. The NGI National Spot Gas Average rose a penny to $2.63, and gains were posted in the Rockies, Appalachia, Louisiana, the Midcontinent and Midwest. Most locations in the Northeast, however, fell from a nickel to a dime. Read More

NatGas Cash, Futures Part Ways, October Sheds A Dime

Physical natural gas for Wednesday delivery posted a hefty double digit gain with advances in the Northeast and Appalachia far outdistancing losses in California and soft pricing in Texas, Louisiana, the Midcontinent and Midwest.Physical natural gas for Wednesday delivery posted a hefty double digit gain with advances in the Northeast and Appalachia far outdistancing losses in California and soft pricing in Texas, Louisiana, the Midcontinent and Midwest. Read More
EIAStorage0831

Weekly NatGas Drops, California Bakes, But Futures Surge To Six-Week High

For the abbreviated trading week ended Sept.1, weekly natural gas prices in most sections of the country moved little in contrast to the devastating events that took place on the Texas Gulf Coast. The NGI Weekly National Spot Gas Index fell 11 cents to $2.60. Read More

Spot NatGas Tumbles Ahead Of Long Weekend, But Futures Post Six-Week High

In spite of the risks of lessened supply going into the long weekend, traders elected not to commit to four-day deals, and prices for the holiday weekend slumped. Weakness in Appalachia, the Northeast and California overwhelmed firmer markets in the Midwest, Midcontinent, the Southeast and Louisiana, and the NGI National Spot Gas Average fell 5 cents to $2.58. Read More
EIAStorage0831

Physical NatGas Tumbles, But Futures Post Double-Digit Gains; October Adds A Dime

Physical natural gas for Friday delivery plunged on average as traders for the most part looked to get deals done before the release of often volatility-inducing storage data from the Energy Information Administration. Read More
EIAStorage0831

Traders Wary Of NatGas Price Rise As Storage Stats Come In On Target

October futures inched higher Thursday following a report by the Energy Information Administration showing a natural gas storage injection that was less than what traders were expecting. Read More
Cameron0830

NatGas Cash Drops as Harvey Pummels Pipelines; October Futures Drop 4 Cents

Physical natural gas for Thursday delivery weakened in Wednesday's trading; weakness in California along with soft pricing in Louisiana, the Midcontinent and Midwest offset gains in the Northeast. Pipelines reported Harvey-driven damage, and the NGI National Spot Gas Average fell 3 cents to $2.67. Read More