Forward Look prices are in U.S.$/MMBtu for all points including those in Canada.
NGI's Natural Gas Forward Basis Prices are 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 email@example.com.
Columbia Gas Description
Deliveries into the ten aggregation areas as listed in TCO's AS Rate Schedule. Those areas include Kenova, Flat Top, Cobb, Alexander, Delmont, McCellandtown, Crawford, York, Dungannon, and Binghamton, and range from Eastern Kentucky (excluding Leach), West Virginia, SW Virginia, Eastern Ohio, Pennsylvania, and South Central New York. The TCO segmentation pool (SEG Pool) is included in these aggregation points, and is therefore included in our index. So too are Interruptible Paper Pool (IPP) transactions that are included within the 10 aggregation points other than Binghamton, NY. All transactions in and out of Market Areas (as defined by TCO) that fall outside of the 10 aggregation points are not included in our index.
The Energy Information Administration on Thursday reported a natural gas storage withdrawal that was slightly tighter than market expectations. Futures traded on both sides of even following the news.
Natural gas futures finished the week with another down day Friday as the weather outlook continued to antagonize winter bulls. The spot market was mixed ahead of the long weekend, featuring large declines in the Northeast and a big increase in Southern California amid new import restrictions; the NGI National Spot Gas Average gave up 4 cents to $2.41/MMBtu.
Natural gas futures moved less than a penny for the second straight day Thursday as a bullish government storage report couldn’t overcome lackluster winter weather and rising production. In the spot market, a few Northeast points rallied as SoCal Citygate eased off recent gains; the NGI National Spot Gas Average added 5 cents to $2.45/MMBtu.
After selling off heavily since the start of February, natural gas futures ticked higher Tuesday, supported by weather models hinting that more cold could push into the East later this month. Spot prices were mixed, with Northeast points falling on mild weather as SoCal Citygate spiked; the NGI National Spot Gas Average fell 4 cents to $2.50/MMBtu.
A precipitous slide in the natural gas futures market that began when the calendar rolled over to February continued for the week ending Friday, setting a bearish tone for spot prices across most regions. The NGI Weekly Spot Gas Average skidded 50 cents to $2.75/MMBtu.
The natural gas futures market continued its recent run lower Friday, selling off more than a dime, as weather models offered a discouraging winter prognosis for the bulls. In the spot market, cold temperatures forecast for the northern United States lifted Rockies prices as New England pulled back ahead of a weekend warm-up; the NGI National Spot Gas Average fell 16 cents to $2.55/MMBtu.
A bearish government storage report that offered few surprises and an uninspiring weather outlook kept a lid on natural gas futures Thursday. Temperature shifts put spot prices in the Rockies on the ascent as East Coast points moderated; theNGI National Spot Gas Average shed 18 cents to $2.71/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.