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Forward Look

March 24, 2017

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March Cold, Hefty Storage Draw Lift April Above $3 With Days Left Before Expiry

A cold weather system that bolstered demand in portions of the United States this week combined with an unusually large storage withdrawal to send April natural gas futures and forwards markets up 9 cents on average between March 17 and 23, according to NGI’s Forward Look.

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Bearish Storage Draw, Mild Temps Pressure NatGas Forwards Prices Lower

Natural gas forwards markets slid an average of 11 cents at the front of the curve between March 10 and 16 as the luck of the Irish proved elusive, thanks to a smaller-than-expected storage withdrawal and weather forecasts calling for increasingly mild weather to close out March.

3D"Sign

NGI's Bidweek Alert Day 5 - Feb. 28 for March 2017
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- -0.02 to -0.02
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.16 to -0.1325
Texas Eastern S. TX -- -0.12 to -0.095
Transco Zone 1 -- -0.09 to -0.09
East Texas
Carthage -- -0.1375 to -0.125
Houston Ship Channel 2.50 to 2.58 -0.08 to -0.07
Katy 2.54 to 2.55 --
NGPL TexOk 2.47 to 2.51 -0.14 to -0.05
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- -0.15 to -0.15
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.21 to 2.30 -0.27 to -0.27
Transwestern 2.24 to 2.26 --
Waha 2.29 to 2.29 --
Midwest
Alliance 2.80 to 2.80 -0.02 to -0.02
ANR ML7 -- --
Chicago Citygate 2.49 to 2.65 -0.06 to 0.06
Chicago - Nicor Gas 2.60 to 2.65 -0.06 to 0.06
Chicago - NIPSCO 2.49 to 2.57 --
Chicago - North Shore -- --
Chicago - Peoples 2.53 to 2.64 --
Consumers Energy -- -0.0175 to 0.0125
Dawn 2.73 to 2.84 0.1725 to 0.21
Emerson -- -0.33 to -0.27
Joliet 2.80 to 2.80 -0.02 to -0.02
Lebanon -- -0.16 to -0.1025
Michigan Consolidated 2.57 to 2.68 -0.0075 to 0.055
Parkway/Union -- 0.215 to 0.215
Midcontinent
ANR SW 2.30 to 2.31 -0.275 to -0.24
Enable East 2.38 to 2.38 -0.26 to -0.215
Enable West -- -0.20 to -0.20
NGPL Amarillo Mainline -- --
NGPL Midcontinent 2.27 to 2.37 -0.30 to -0.26
Northern Border Ventura -- --
Northern Natural Demarc 2.46 to 2.53 --
Northern Natural Ventura 2.40 to 2.49 --
OGT 2.26 to 2.31 --
Panhandle Eastern 2.29 to 2.33 -0.33 to -0.26
Southern Star 2.26 to 2.33 -0.33 to -0.33
North Louisiana/Arkansas
Perryville -- -0.125 to -0.105
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.14 to -0.12
Trunkline Zone 1A -- -0.1325 to -0.1075
South Louisiana
ANR SE -- -0.1275 to -0.095
Columbia Gulf Mainline -- -0.14 to -0.12
Columbia Gulf onshore -- -0.105 to -0.105
Florida Gas Zone 2 -- -0.065 to 0.01
Henry Hub -- -0.0075 to 0.005
Southern Natural -- -0.11 to -0.08
Tennessee Line 500 2.55 to 2.55 -0.12 to -0.07
Tennessee Line 800 -- -0.13 to -0.10
Texas Eastern E. LA -- -0.15 to -0.09
Texas Eastern W. LA -- -0.1125 to -0.1125
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.09 to -0.065
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.06 to 0.00
Texas Eastern M-1, 30 -- -0.14 to -0.14
Transco Zone 4 -- -0.08 to -0.05
Transco Zone 5 -- 0.0075 to 0.05
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0075 to 0.05
Appalachia
Clarington (non-Tenn) -- --
Columbia Gas -- -0.2575 to -0.22
Dominion North -- -0.66 to -0.54
Dominion South 1.99 to 2.11 -0.62 to -0.465
Leidy Hub -- --
Millennium East Pool 1.95 to 1.95 -0.71 to -0.66
Tenn Zone 4 200L -- -0.42 to -0.3975
Tennessee Zn 4 313 Pool -- -0.60 to -0.51
Tennessee Zn 4 Marcellus 1.95 to 1.95 -0.78 to -0.70
Texas Eastern M-2, 30 Delivery -- -0.59 to -0.525
Texas Eastern M-2, 30 Receipt 1.95 to 1.95 -0.62 to -0.50
Texas Eastern M-3, Delivery 2.20 to 2.23 -0.475 to -0.37
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line 1.92 to 2.01 -0.76 to -0.60
Northeast
Algonquin Citygate -- 0.65 to 0.70
Algonquin Receipts -- --
Dracut -- --
Iroquois Zone 2 -- 0.35 to 0.37
Iroquois, Waddington -- 0.26 to 0.33
Niagara -- -0.30 to 0.00
Tenn Zone 5 200L -- -0.26 to -0.26
Tenn Zone 5 300L 1.75 to 1.76 --
Tenn Zone 6 200L -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.405 to -0.29
Transco Zone 6 non-NY North -- -0.405 to -0.29
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY 2.40 to 2.45 -0.27 to -0.15
Rocky Mountains
Cheyenne Hub 2.27 to 2.31 --
CIG 2.25 to 2.33 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.27 to 2.33 --
Kern River 2.25 to 2.37 --
Kingsgate 2.30 to 2.30 --
Northwest S. of Green River 2.20 to 2.29 --
Northwest Sumas 2.06 to 2.26 --
Northwest Wyoming Pool 2.30 to 2.30 --
Opal 2.25 to 2.37 --
Questar 2.27 to 2.27 --
Stanfield -- --
Transwestern San Juan 2.32 to 2.35 --
White River Hub 2.27 to 2.33 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.29 to 2.41 --
PG&E Citygate 2.96 to 3.03 --
SoCal Citygate 2.65 to 2.77 --
Southern Border, PG&E -- --
Southern Border, SoCal 2.39 to 2.45 --
SoCal Border Avg. 2.39 to 2.45 --
Canada
Empress 2.17 to 2.36 --
NOVA/AECO C 2.07 to 2.25 --
Westcoast Station 2 1.70 to 1.92 --