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 firstname.lastname@example.org.
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.
Even with some lingering hot weather, natural gas spot prices generally moved lower for the week ended Sept. 14 as markets watched for impacts from the latest round of tropical weather. The NGI Weekly National Spot Gas Average fell 11 cents to $2.60/MMBtu.
As potential demand destruction from Hurricane Florence continues to command the natural gas market’s attention, the Energy Information Administration reported a 69 Bcf build for the week ended Sept. 7 that barely moved the needle.
Improving West Texas basis differentials helped offset declining East Coast premiums as natural gas spot prices were decidedly mixed for the week ended Sept. 7; the NGI Weekly National Spot Gas Average fell a nickel to $2.71/MMBtu.
Friday was a slow day for natural gas futures, bringing to a close a week that essentially solidified the general direction for prices expected in the coming weeks amid record production and cooler weather. While no major changes were reported in the latest weather outlooks, the Nymex October futures contract ended the day four-tenths of a cent higher at $2.776. November slipped one-tenth of a penny lower to $2.79.
September natural gas prices fell for a third consecutive day as weather forecasts maintained a bearish trend for the second week of September -- and possibly beyond. The Nymex September gas futures contract slid 2.4 cents to $2.852, while October fell 2.4 cents to $2.845.
Forecasts for cooler weather in the next couple of weeks took out any bite remaining from market bulls Monday as September natural gas prices retreated once again. The Nymex September gas futures contract settled at $2.876, down 4.1 cents on the day.
Natural gas prices for the Aug. 21-27 period moved lower as much of the United States enjoyed mild temperatures ahead of a warm-up expected later this weekend. Most regions saw prices decline less than a dime, although steeper losses were seen in the Rocky Mountains and along the West Coast, which is finally seeing signs of cooler weather ahead. The NGI National Weekly Gas Avg.dropped 12 cents to $2.79.
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.