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.
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.
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.
The Energy Information Administration (EIA) ushered in the start of injection season Thursday with a ...
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