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U.S. Trade and Development Agency Launches LNG Exports Initiative
Daily GPI
Looking to spur increased liquefied natural gas exports, the U.S. Trade and Development Agency on Friday announced an initiative... Read More
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NGI's Daily Gas Price Index

November 17, 2017

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December NatGas Rebounds After Bearish Week; Spot Market Not Sweating Cold Forecast

Natural gas futures rebounded Friday on a colder medium-range weather outlook after retreating for most of the week. In the spot market, a cold system that was expected to move in over the weekend wasn't enough to spur buyer interest in locking in three-day deals, and the NGI National Spot Gas Average fell 6 cents to $2.91/MMBtu.

Delay in Seating McIntyre, Glick at FERC a Mystery as NOPR Deadline Approaches

Questions continue to swirl around the delayed swearing in at FERC of prospective Chairman Kevin McIntyre and prospective Commissioner Richard Glick, whose nominations were confirmed by the Senate more than two weeks ago.
Emerging-Importers-LNG-Imports-2013-vs-365-Day-Moving-Average-20171117

U.S. Trade and Development Agency Launches LNG Exports Initiative

Looking to spur increased liquefied natural gas exports, the U.S. Trade and Development Agency on Friday announced an initiative...
USBaker1117

Eight NatGas Rigs Added in U.S. as Rebound Continues

The U.S. rig count continued to bounce back for the week ended Friday, and this time it was natural gas-directed drilling leading the way, according to data by Baker Hughes Inc.

U.S. Forest Service OKs Atlantic Coast Pipeline

Final approval of the Atlantic Coast Pipeline took one step closer to reality on Friday, after the U.S. Forest Service gave its approval for the natural gas project, concluding that two national forests and other assets to be traversed by the pipeline would face minimal environmental impacts.

Idaho NatGas Infrastructure Adequate as Customer Base Expands, Says Intermountain

Natural gas supply in Idaho is adequate given increased demand-side management programs, but some pipelines need to be expanded or upgraded within a few years, according to Intermountain Gas Co.

Pemex Locks In 2018 Funding Ahead of Election Year Uncertainty

Mexico’s state-owned oil and natural gas company Petroleos Mexicanos earlier this month all but sealed its financial plans for next year with a bond issue of 450 pounds sterling (US$650 million) just before the Mexican Lower House completed a marathon sitting that submitted the complete 2018 federal budget for final approval by President Enrique Pena Nieto.

December NatGas Called Higher on Medium-Range Cooling; Long-Term Bearish Risks Remain

December natural gas was set to open about 4 cents higher Friday at around $3.09 as one of the major weather models turned cooler overnight in its outlook for a pair of weather systems expected to boost heating demand over the next two weeks.
EIAStorage1116

December NatGas Threatens to Fill Gap After Brushing Off Tight Storage Stats; $2.98-3.00 in Play

Natural gas futures couldn't muster a move higher Thursday even as the season's first storage withdrawal came in slightly tighter than market expectations. Flattish demand held the spot market in check, and the NGI National Spot Gas Average fell 4 cents to $2.97.

House Tax Reform Bill Preserves IDCs, Repeals EOR Credits

House Republicans mustered enough support from the ranks to pass a $1.4 trillion bill for comprehensive tax reform Thursday, while the Senate Finance Committee held a marathon hearing to debate its plan.

NatGas Facing Stiffer Competition Under PJM Reform Proposal

PJM Interconnection this week unveiled a proposal to reform wholesale electricity pricing that it claims would better reflect the “true costs” of producing power and keep its system more reliable by solidifying revenues for faltering baseload nuclear and coal generators that have been undermined by low natural gas prices.

Fraud, Market Manipulation to Remain Focus of FERC’s OE in FY2018

FERC's Office of Enforcement saw an increase in litigation activities in fiscal year 2017, while also continuing with its ongoing investigative, audit, surveillance and market oversight responsibilities, according to the2017 Report on Enforcement released Thursday.
Valley-Lateral-Project-20170726

FERC Denies New York Appeal Over Valley Lateral Project; Court Agrees to Hear Arguments

A regulatory turf war between FERC and New York officials regarding the Valley Lateral Project to carry Marcellus Shale natural gas...

Backlog From FERC's Quorumless Days Cleared, Chatterjee Says

While a few technical items must still be addressed, Chairman Neil Chatterjee on Thursday declared the backlog of cases that built up during FERC's recent no-quorum period cleared following the unanimous approval of a lengthy consent agenda.
EIAStorage1116

EIA Reports Winter's First Withdrawal; NatGas Bulls Not Impressed

The Energy Information Administration reported the first storage withdrawal of the season Thursday, but natural gas bulls seemed unimpressed even as the final number came in slightly tighter than market expectations.

3D"Sign

NGI's Bidweek Alert Day 5 - October 31 for November 2017
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 -- -0.145 to -0.135
Texas Eastern S. TX -- -0.07 to -0.07
Transco Zone 1 -- -0.09 to -0.085
East Texas
Carthage -- -0.14 to -0.14
Houston Ship Channel 2.78 to 2.78 --
Katy -- --
NGPL TexOk 2.64 to 2.64 -0.16 to -0.15
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.38 to 2.43 --
Transwestern 2.38 to 2.41 --
Waha 2.42 to 2.53 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.75 to 2.92 -0.045 to -0.045
Chicago - Nicor Gas 2.75 to 2.92 --
Chicago - NIPSCO 2.80 to 2.91 -0.045 to -0.045
Chicago - North Shore -- --
Chicago - Peoples 2.89 to 2.90 --
Consumers Energy -- -0.075 to -0.055
Dawn 2.73 to 2.93 -0.07 to 0.0025
Emerson -- -0.265 to -0.22
Joliet -- --
Lebanon -- -0.205 to -0.19
Michigan Consolidated 2.76 to 2.80 -0.125 to -0.09
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.205 to -0.19
REX into MGT - Edgar -- -0.185 to -0.185
REX into NGPL - Moultrie -- -0.19 to -0.185
REX into PEPL - Putnam -- -0.20 to -0.20
REX into Trunk - Douglas -- -0.19 to -0.19
Midcontinent
ANR SW 2.48 to 2.55 -0.37 to -0.37
Enable East 2.60 to 2.60 -0.28 to -0.24
Enable West -- --
NGPL Midcontinent 2.50 to 2.66 -0.295 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.75 to 2.75 -0.15 to -0.15
Northern Natural Ventura 2.63 to 2.79 --
OGT 2.34 to 2.45 -0.53 to -0.50
Panhandle Eastern 2.44 to 2.56 -0.42 to -0.3775
Southern Star 2.44 to 2.52 -0.43 to -0.39
North Louisiana/Arkansas
Perryville -- -0.115 to -0.1125
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1575 to -0.145
Trunkline Zone 1A -- -0.1525 to -0.1475
South Louisiana
ANR SE -- -0.1375 to -0.1225
Columbia Gulf Mainline -- -0.16 to -0.15
Columbia Gulf onshore -- -0.1125 to -0.1125
Florida Gas Zone 2 -- --
Henry Hub -- -0.01 to -0.01
Southern Natural -- -0.0975 to -0.085
Tennessee Line 500 -- -0.095 to -0.0875
Tennessee Line 800 -- -0.105 to -0.10
Texas Eastern E. LA -- -0.12 to -0.1025
Texas Eastern W. LA -- --
Texas Gas Zone SL -- -0.13 to -0.13
Transco Zone 3 -- -0.06 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.04 to -0.035
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.06 to -0.05
Transco Zone 5 -- 0.02 to 0.08
Transco Zone 5 North -- 0.02 to 0.02
Transco Zone 5 South -- 0.045 to 0.08
Appalachia
Columbia Gas -- -0.34 to -0.24
Dominion North -- -1.27 to -1.26
Dominion South -- -1.265 to -1.10
Leidy Hub -- --
Millennium East Pool -- -1.3875 to -1.32
Tenn Zone 4 200L -- -0.80 to -0.68
Tennessee Zn 4 313 Pool -- -1.00 to -0.98
Tennessee Zn 4 Marcellus -- -1.49 to -1.34
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.29 to -1.20
Texas Eastern M-3, Delivery -- -1.015 to -0.96
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.47 to -1.27
Northeast
Algonquin Citygate -- -0.1525 to 0.05
Algonquin Citygate (non-G) -- -0.1525 to 0.02
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.035 to 0.09
Iroquois, Waddington -- -0.06 to 0.045
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.11 to 0.02
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.21 to -0.13
Transco Zone 6 non-NY North -- -0.21 to -0.13
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.18 to -0.105
Rocky Mountains
Cheyenne Hub 2.49 to 2.60 --
CIG 2.53 to 2.54 --
CIG DJ Basin 2.52 to 2.54 --
El Paso Bondad -- --
El Paso non-Bondad 2.43 to 2.44 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River 2.58 to 2.60 --
Northwest Sumas 2.57 to 2.73 --
Northwest Wyoming Pool -- --
Opal 2.63 to 2.68 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.82 to 2.85 --
California
Malin 2.60 to 2.72 --
PG&E Citygate 3.07 to 3.23 --
SoCal Citygate 3.40 to 3.69 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.75 to 2.94 --
SoCal Border Avg. 2.75 to 2.94 --
Canada
Empress 2.56 to 2.79 --
NOVA/AECO C 1.95 to 2.32 --
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.