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Bullish Storage Stats No Help to NatGas Futures Amid Record Production
Featured Mexico GPI
  • EIA reports -194 Bcf for week ended Feb. 9, bullish versus expectations...
  • ...but March near-even for second straight day, down 0.7 cents to $2.580
  • Print “should have been bullish” but production weighing on prices, says Price Futures Group analyst
  • U.S. exports to Mexico on record-setting pace for February: Jefferies
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NGI's Mexico GPI

February 16, 2018

Natural Gas Futures Post Another Down Day as Weather Inspiration Lacking; Cash Mixed

  • March settles 2.2 cents lower at $2.558 Friday
  • Technical indicators point to oversold, says Powerhouse analyst
  • ‘Much colder temperatures’ in East needed to rally market: NatGasWeather
  • SoCal Citygate spikes as Genscape notes more maintenance could curtail imports

Pair of U.S.-to-Mexico Gas Export Projects Receive U.S. FERC Greenlight

A pair of separate but related pipeline efforts intended to support natural gas exports to Mexico, the Texas Eastern Transmission (Tetco) South Texas Expansion Project (STEP) and Pomelo Connector LLC's Pomelo Connector Pipeline Project, were each granted certificate authorization for construction by FERC Thursday.
EIAStorage0209

Bullish Storage Stats No Help to NatGas Futures Amid Record Production

  • EIA reports -194 Bcf for week ended Feb. 9, bullish versus expectations...
  • ...but March near-even for second straight day, down 0.7 cents to $2.580
  • Print “should have been bullish” but production weighing on prices, says Price Futures Group analyst
  • U.S. exports to Mexico on record-setting pace for February: Jefferies

Natural Gas Distribution Project in Northwest Mexico Halted Following Pipeline Incident

A local authority has ordered Gas Natural Fenosa (GNF) to halt construction of a distribution network in northwest Mexico after a pipeline burst early Wednesday morning during a pneumatic test.
Forward-Spread-Between-Tennessee-Zn-0-South-and-Waha-201802131

Permian Natural Gas Supply Can Support Two Gulf Coast Delivery Pipes, Boardwalk Says

With the Gulf Coast Express project officially moving forward, Boardwalk Pipeline Partners LP continues to pursue additional plans to transport Permian Basin natural gas to the Gulf Coast, but a final investment decision (FID) has yet to be made, management said earlier this week.
Camerons-Corner-20180214

Natural Gas Futures in Holding Pattern as Weather Disappoints; SoCal Continues Run Higher


  • March contract near even at $2.587 as February cold outlook unimpressive
  • EIA to report ~183 Bcf withdrawal from U.S. natural gas stocks this week, survey says.
  • After time of press, 194 Bcf withdrawal recorded
  • ~0.8 Bcf/d S. TX exports to Mexico impacted by planned maintenance Los Ramones I: Genscape
  • SoCal Citygate up 19 cents on colder temps, EPNG maintenance a factor

Cold Risks Creep Back Into Forecast to Bounce NatGas Futures; SoCal Prices Spike

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, and the NGI National Spot Gas Average fell 4 cents to $2.50/MMBtu.
Mexico-Oil-and-Gas-Resource-Plays-20180213

Mexican Officials Hope Third Time's A Charm for Unconventionals

Mexico aims to auction blocks of unconventional resources "sooner rather than later” to unleash the potential of shale and tight oil and gas in the northern part of the country, officials said last week.
Weekly-US-Dry-Gas-Production-201802091

Stout Natural Gas Production Tamped Down Forward Prices Last Week

Natural gas forward prices for March fell an average 13 cents between Feb. 2 and 8, as only brief periods of cold weather in the forecast were no match for record production, according to NGI’s Forward Look.
Quarterly-PEMEX-Long-Term-Debt-20180209

Pemex Looking to Strengthen Finances with $4B Bond Issue

Petroleos Mexicanos (Pemex) moved to shore up its finances in early February with a $4 billion bond placement, but Moody’s Investors Service sees potential clouds on the horizon for the Mexican state-owned oil giant.
Paso-Norte-Pipeline-Project-20180208

PNP's Proposed Pipeline Would Link Permian Basin Natural Gas to Central, Western Mexico

Paso Norte Pipeline Group (PNP) is holding a 30-day open season for a proposed international natural gas pipeline from the Waha Hub to Chihuahua that would link the Permian Basin to underserved markets in Central and Western Mexico, and terminate at the El Encino Hub in Chihuahua.

Paso Norte Testing Shipper Interest in New Mexico-to-Chihuahua NatGas Pipeline

Paso Norte Pipeline Group is holding a 30-day open season for a proposed international natural gas pipeline from the Waha Hub to Chihuahua that would link the Permian Basin to underserved markets in Central and Western Mexico, and terminate at the El Encino Hub in Chihuahua.
Mexico-National-Demand-for-Natural-Gas-by-Sector-201801231

Gas Natural Fenosa to Add One Million Customers in Mexico Over Next Five Years

Gas Natural Fenosa (GNF) aims to connect one million new customers to its natural gas distribution networks in Mexico over the next five years.
Major-Salt-Deposits-and-Dry-Salt-Production-Sites-in-North-America-20180206

Mexico Betting on Strategic Reserves to Open Door for Commercial Natural Gas Storage Market

The promotion of strategic natural gas inventories in Mexico should pave the way for a commercial storage business to emerge from the country’s incipient gas market, according to government officials.
Monthly-Average-Gross-US-NatGas-Pipeline-Exports-to-Mexico-20180202

Natural Gas Forward Prices Tumbled Last Week On Weather, Production and Storage

Natural gas forward prices for March plummeted by an average 41 cents from Jan. 26 to Feb. 1 as warmer weather outlooks, a return to record production levels and an improving storage picture took a hatchet to prices across the curve, according to NGI’s Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - January 31 for February 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 -- 0.08 to 0.08
Tennessee Zone 0 South -- -0.17 to -0.05
Texas Eastern S. TX -- 0.05 to 0.05
Transco Zone 1 -- 0.00 to 0.00
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.65 to 3.69 0.13 to 0.14
Katy -- --
NGPL TexOk 3.18 to 3.23 -0.30 to -0.29
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.08 to -0.08
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.52 to 2.77 -0.92 to -0.85
Transwestern 2.64 to 2.71 --
Waha 2.80 to 2.91 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.90 to 4.42 0.45 to 0.89
Chicago - Nicor Gas 3.90 to 4.20 0.48 to 0.69
Chicago - NIPSCO 4.19 to 4.42 0.89 to 0.89
Chicago - North Shore -- --
Chicago - Peoples 4.08 to 4.25 0.45 to 0.75
Consumers Energy -- 0.30 to 0.45
Dawn 4.04 to 4.15 0.38 to 0.77
Emerson -- 0.45 to 0.75
Joliet -- --
Lebanon -- -0.26 to -0.22
Michigan Consolidated 3.28 to 3.36 -0.25 to -0.145
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.235 to -0.18
REX into MGT - Edgar -- -0.15 to -0.14
REX into NGPL - Moultrie -- -0.215 to -0.17
REX into PEPL - Putnam -- -0.24 to -0.20
REX into Trunk - Douglas -- -0.225 to -0.22
Midcontinent
ANR SW 2.70 to 2.95 --
Enable East 3.33 to 3.33 -0.2325 to -0.2325
Enable West -- --
NGPL Midcontinent 2.85 to 3.03 -0.68 to -0.54
Northern Border Ventura -- --
Northern Natural Demarc 3.20 to 3.38 --
Northern Natural Ventura 4.60 to 5.15 --
OGT 2.34 to 2.67 -1.12 to -0.90
Panhandle Eastern 2.68 to 2.83 -0.85 to -0.65
Southern Star 2.82 to 2.85 -0.75 to -0.66
North Louisiana/Arkansas
Perryville -- -0.0875 to -0.0875
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.095
Trunkline Zone 1A -- -0.11 to -0.08
South Louisiana
ANR SE -- -0.1225 to -0.07
Columbia Gulf Mainline -- -0.20 to -0.135
Columbia Gulf onshore -- -0.12 to -0.11
Florida Gas Zone 2 -- --
Henry Hub -- -0.0125 to 0.015
Southern Natural -- -0.055 to -0.025
Tennessee Line 500 -- -0.05 to -0.03
Tennessee Line 800 -- -0.11 to -0.0825
Texas Eastern E. LA -- -0.125 to -0.07
Texas Eastern W. LA -- -0.05 to -0.05
Texas Gas Zone SL -- -0.06 to -0.05
Transco Zone 3 -- 0.04 to 0.08
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.10 to 0.13
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- 0.07 to 0.10
Transco Zone 5 -- 6.00 to 7.25
Transco Zone 5 North -- --
Transco Zone 5 South -- 6.00 to 7.25
Appalachia
Columbia Gas -- -0.495 to -0.25
Dominion North -- -0.80 to -0.73
Dominion South -- -0.78 to -0.675
Leidy Hub -- --
Millennium East Pool -- -0.84 to -0.77
Tenn Zone 4 200L -- -0.23 to -0.10
Tennessee Zn 4 313 Pool -- -0.80 to -0.80
Tennessee Zn 4 Marcellus -- -0.955 to -0.91
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.66 to -0.535
Texas Eastern M-3, Delivery -- 4.45 to 4.85
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.905 to -0.735
Northeast
Algonquin Citygate -- 9.60 to 9.80
Algonquin Citygate (non-G) -- 9.60 to 9.80
Algonquin Receipts -- --
Iroquois Zone 2 -- 7.00 to 8.25
Iroquois, Waddington -- 2.73 to 3.40
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 5.40 to 7.00
Transco Zone 6 non-NY North -- 5.40 to 7.00
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 7.50 to 8.75
Rocky Mountains
Cheyenne Hub 2.69 to 2.71 --
CIG 2.64 to 2.83 --
CIG DJ Basin 2.68 to 2.68 --
El Paso Bondad -- --
El Paso non-Bondad 2.60 to 2.83 --
Kern River 2.67 to 2.88 --
Kingsgate -- --
Northwest S. of Green River 2.52 to 2.83 --
Northwest Sumas 2.12 to 2.70 --
Northwest Wyoming Pool 2.81 to 2.86 --
Opal 2.68 to 2.91 --
Questar -- --
Stanfield -- --
Transwestern San Juan -- --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.46 to 2.78 --
PG&E Citygate 2.85 to 3.02 --
SoCal Citygate 3.19 to 3.38 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.79 to 3.11 --
SoCal Border Avg. 2.79 to 3.11 --
Canada
Empress 3.90 to 3.90 --
NOVA/AECO C 1.99 to 2.25 --
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.
NGI's Mexico Gas Price Index:
Your source for Mexico Prices, Pipeline Flow Data, and Analysis
Mexico Border Forward Prices - Updated Daily
Track forward prices at points relevant to U.S. natural gas exports to Mexico. See the forward curves in fixed and basis form going out a full year. Points include Henry Hub, Houston Ship Channel, Tennessee Zone 0 South, TETCO S. TX, El Paso Permian, Waha and SoCal Border.
Mexico Border Tracker - Updated Daily
Look to NGI's Mexico Border Tracker to see pipeline flows and capacity utilization figures at major export points along the border. 
U.S. / Mexico Spot Prices - Updated Daily
As the Mexican natural gas spot market evolves, this is where you'll find NGI's Mexico Gas Price Indexes. Currently shows prices at the border points of Ehrenberg, South Texas and Waha. Mexico domestic spot prices coming soon!
Mexico Cost-Plus Chart - Updated Daily
NGI's cost plus transportation chart shows the theoretical delivered price of natural gas from the U.S. to points within the various regions of Mexico's SISTRANGAS system, based on current Texas spot market indexes and pipeline transportation rates in both countries.
South Central Gas In Storage - Updated Weekly
The U.S. South Central storage region now serves not only the U.S. but Mexico too. As levels of working gas in this region grow in importance NGI has made it easy to monitor them compared to historical trends.