Story of the Day

Cheniere’s 1.44 Bcf/d Midcon-to-Gulf Coast Project Gets Favorable FERC EIS
Daily GPI
FERC on Thursday issued a final environmental impact statement for the Cheniere Energy Inc.-backed Midcontinent Supply Header... Read More
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NGI's Daily Gas Price Index

June 22, 2018

July Natural Gas Fizzles at Signs of Cooler Weather; Spot Gas Falls on Soft Weekend Demand

What goes up must come down was the theme for Friday trading action as July natural gas prices quickly put the brakes on a heat-induced rally as weather outlooks began hinting of cooler weather ahead. The Nymex July natural gas futures contract traded in a less than 7-cent range on Friday, hitting its $2.991 peak early in the session and then trading closer to its $2.926 low end for the last hour until settling at $2.945, down 3 cents on the day.

Alaska Gasline Secures Final EIS for Pipeline Project

Considered a major step toward exporting natural gas to Asia Pacific markets, the Alaska Gasline Development Corp. on Friday received environmental approval for one of two proposed pipeline projects.
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U.S. Drops Six Natural Gas Rigs as BHI’s Domestic Count Retreats

The United States saw six natural gas rigs exit the patch during the week ended Friday, led by declines in Louisiana, according to data released by Baker Hughes Inc.

U.S. Oil, Gas Methane Emissions 60% Higher than EPA Estimates, Says EDF

Emissions from domestic oil and natural gas operations are 60% higher than earlier estimates by the U.S. Environmental Protection Agency, according to research compiled by the Environmental Defense Fund.
midship20180621

Cheniere’s 1.44 Bcf/d Midcon-to-Gulf Coast Project Gets Favorable FERC EIS

FERC on Thursday issued a final environmental impact statement for the Cheniere Energy Inc.-backed Midcontinent Supply Header...

SoCalGas, SDG&E Accused of Natural Gas Pipeline Violations

Sempra Energy’s natural gas utilities are accused of essentially cooking the books on a critical north-south transmission pipeline by inaccurately reporting safety information, according to the independent consumer advocacy unit of the California Public Utilities Commission.
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Appeals Court Stays Crucial MVP Permit in West Virginia, Putting 2018 Startup in Jeopardy

A federal appeals court on Thursday stayed a crucial U.S. Army Corps of Engineers water crossing permit for Mountain Valley Pipeline in West Virginia, potentially a major setback for a project under construction that was aiming to begin service this year.

Sempra’s Natural Gas Pipeline Proposal Rejected by California Regulators

California regulators on Thursday rejected a long-standing proposal to build an upgraded natural gas transmission pipeline between the systems of Sempra Energy's two utilities, Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric Co. (SDG&E).

July Set to Open Lower on Cooler Risks for Late July

July natural gas futures were set to open about 3 cents lower at $2.945 Friday morning as weather models turned slightly cooler for the South and Gulf Coast in the medium term.
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Looming Heat Continuing to Support July Natural Gas Despite Bearish Storage Data

July natural gas prices ended the day slightly higher Thursday as the battle between hot weather and another...

White House, Lawmakers Eye Faster NEPA Review for Infrastructure

The Trump administration has moved quickly to advance plans for faster federal permitting of major infrastructure projects, including oil and natural gas pipelines, under the purview of the National Environmental Policy Act, with public comments now due in less than a month.

Look Beyond Breakevens to Understand Northeast E&Ps, Midstream, Says East Daley Exec

Against a backdrop of surging natural gas production and pipeline capacity expansions competing to tap demand growth in the Southeast and Gulf Coast, understanding the energy space requires a holistic approach informed by both equity and commodity markets, according to East Daley Capital Advisors President Jim Simpson.
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Mexico to See Natural Gas-Fired Plant Construction Frenzy Over Next Four Years

Mexican combined-cycle gas turbine projects in the queue will add 2.3 GW of generation capacity this year and 3.6 GW in 2019, according to projections by the Energy Ministry.

PG&E Records $2.5B Charge for California Wildfires

In a move prompted by the strict liability restrictions on California utilities from the state's use of inverse condemnation, Pacific Gas and Electric Co. and its parent company plan to record a $2.5 billion pre-tax, noncash accounting charge for wildfire liabilities for the second quarter.
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EIA Delivers More Bearish Storage Data; Heat Keeps Prompt Month Somewhat Supported

The Energy Information Administration (EIA) on Thursday reported a 91 Bcf build into storage inventories...

3D"Sign

NGI's Bidweek Alert Day 5 - May 31st for June 2018
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.1375 to -0.1075
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- -0.08 to -0.08
East Texas
Carthage -- -0.17 to -0.12
Houston Ship Channel 3.00 to 3.05 --
Katy -- --
NGPL TexOk 2.67 to 2.68 -0.17 to -0.16
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.12 to -0.12
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.77 to 1.99 -1.08 to -1.06
Transwestern 2.00 to 2.01 --
Waha 1.96 to 1.98 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.58 to 2.74 --
Chicago - Nicor Gas 2.58 to 2.63 --
Chicago - NIPSCO 2.70 to 2.74 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.17 to -0.16
Dawn 2.65 to 2.75 -0.215 to -0.18
Emerson -- -0.425 to -0.39
Joliet -- --
Lebanon -- -0.30 to -0.30
Michigan Consolidated 2.70 to 2.70 -0.24 to -0.20
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.345 to -0.31
REX into MGT - Edgar -- -0.28 to -0.28
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- -0.29 to -0.29
REX into Trunk - Douglas -- -0.30 to -0.29
Midcontinent
ANR SW 2.23 to 2.23 -0.65 to -0.65
Enable East 2.64 to 2.65 -0.30 to -0.245
Enable West -- --
NGPL Midcontinent 2.36 to 2.36 -0.61 to -0.61
Northern Border Ventura 2.60 to 2.61 --
Northern Natural Demarc 2.43 to 2.58 --
Northern Natural Ventura 2.45 to 2.60 --
OGT -- -1.08 to -1.05
Panhandle Eastern 2.21 to 2.32 -0.67 to -0.645
Southern Star -- -0.65 to -0.65
North Louisiana/Arkansas
Perryville -- -0.12 to -0.12
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1675 to -0.16
Trunkline Zone 1A -- -0.21 to -0.20
South Louisiana
ANR SE -- -0.18 to -0.17
Columbia Gulf Mainline -- -0.175 to -0.145
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.06 to -0.05
Tennessee Line 500 -- --
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.06
Texas Eastern W. LA -- -0.075 to -0.075
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.05 to -0.04
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.015 to 0.04
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.05 to -0.035
Transco Zone 5 -- 0.055 to 0.065
Transco Zone 5 North -- 0.06 to 0.06
Transco Zone 5 South -- 0.055 to 0.065
Appalachia
Columbia Gas -- -0.28 to -0.225
Dominion North -- -0.66 to -0.66
Dominion South -- -0.68 to -0.61
Leidy Hub -- --
Millennium East Pool -- -1.50 to -1.30
Tenn Zone 4 200L -- -0.4875 to -0.42
Tennessee Zn 4 313 Pool -- -0.5175 to -0.5125
Tennessee Zn 4 Marcellus -- -1.50 to -1.33
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.72 to -0.64
Texas Eastern M-3, Delivery -- -0.61 to -0.565
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.51 to -1.30
Northeast
Algonquin Citygate -- -0.40 to -0.375
Algonquin Citygate (non-G) -- -0.40 to -0.375
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.30 to -0.25
Iroquois, Waddington -- -0.285 to -0.26
Niagara -- -0.39 to -0.39
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.30 to -0.30
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.25 to -0.18
Transco Zone 6 non-NY North -- -0.25 to -0.18
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.20 to -0.12
Rocky Mountains
Cheyenne Hub 2.04 to 2.14 --
CIG 1.96 to 2.04 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 1.94 to 2.10 --
Kern River 2.10 to 2.10 --
Kingsgate -- --
Northwest S. of Green River 2.03 to 2.06 --
Northwest Sumas 1.41 to 1.51 --
Northwest Wyoming Pool -- --
Opal 2.05 to 2.15 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.11 to 2.15 --
White River Hub 2.07 to 2.07 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.05 to 2.15 --
PG&E Citygate 3.04 to 3.12 --
SoCal Citygate 3.41 to 3.75 --
Southern Border, PG&E 2.08 to 2.11 --
Southern Border, SoCal 2.27 to 2.47 --
SoCal Border Avg. 2.27 to 2.47 --
Canada
Empress 2.57 to 2.57 --
NOVA/AECO C 0.78 to 0.94 --
Westcoast Station 2 -- --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.