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Forward Look

May 26, 2017

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Most Natural Gas Forward Curves Weaken on Storage News, Uncertain Temps

Natural gas forward prices fell at most locations across the United States for the period between May 19 and 25 as bearish storage news and a lack of clarity in long-term weather forecasts pressured markets, according to NGI’s Forward Look.

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NatGas Forwards Post Dramatic Declines as May Expected to Close Out on Cool Side

Natural gas forward prices for June plunged by an average 24 cents between May 12 and 18 as forecasts for cooler weather for the rest of May took center stage, according to NGI Forward Look.

3D"Sign

NGI's Bidweek Alert Day 3 - May 26 for June 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 -- -0.08 to -0.08
Tennessee Zone 0 South -- -0.17 to -0.16
Texas Eastern S. TX -- -0.015 to -0.015
Transco Zone 1 -- -0.075 to -0.0725
East Texas
Carthage -- -0.13 to -0.13
Houston Ship Channel 3.31 to 3.34 --
Katy -- 0.095 to 0.095
NGPL TexOk 3.09 to 3.09 -0.1525 to -0.145
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.74 to 2.83 --
Transwestern 2.78 to 2.78 --
Waha 2.79 to 2.83 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 3.07 to 3.11 --
Chicago - Nicor Gas 3.07 to 3.11 --
Chicago - NIPSCO 3.07 to 3.10 --
Chicago - North Shore -- --
Chicago - Peoples 3.07 to 3.08 --
Consumers Energy -- -0.045 to -0.0225
Dawn -- -0.02 to 0.01
Emerson -- -0.385 to -0.25
Joliet -- --
Lebanon -- --
Michigan Consolidated -- -0.08 to -0.055
NGPL Amarillo Mainline 2.94 to 2.94 --
Parkway/Union -- -0.01 to 0.0025
REX into ANR - Shelby -- --
REX into MGT - Edgar -- -0.18 to -0.15
REX into NGPL - Moultrie -- -0.15 to -0.15
REX into PEPL - Putnam -- -0.18 to -0.18
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.84 to 2.86 -0.35 to -0.35
Enable East 2.96 to 2.96 --
Enable West -- --
NGPL Midcontinent 2.90 to 2.94 -0.285 to -0.285
Northern Border Ventura -- --
Northern Natural Demarc 2.93 to 3.00 --
Northern Natural Ventura 2.92 to 3.00 --
OGT 2.81 to 2.81 -0.405 to -0.38
Panhandle Eastern 2.79 to 2.82 -0.40 to -0.37
Southern Star 2.82 to 2.82 -0.39 to -0.39
North Louisiana/Arkansas
Perryville -- -0.10 to -0.10
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.115 to -0.115
Trunkline Zone 1A -- -0.1275 to -0.115
South Louisiana
ANR SE -- -0.085 to -0.08
Columbia Gulf Mainline -- -0.1225 to -0.1225
Columbia Gulf onshore -- -0.08 to -0.08
Florida Gas Zone 2 -- --
Henry Hub -- 0.00 to 0.00
Southern Natural -- --
Tennessee Line 500 -- -0.0925 to -0.09
Tennessee Line 800 -- -0.09 to -0.09
Texas Eastern E. LA -- -0.08 to -0.08
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.06 to -0.05
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.03 to -0.025
Texas Eastern M-1, 30 -- -0.08 to -0.08
Transco Zone 4 -- -0.0625 to -0.06
Transco Zone 5 -- -0.20 to 0.01
Transco Zone 5 North -- -0.20 to -0.15
Transco Zone 5 South -- 0.01 to 0.01
Appalachia
Columbia Gas -- -0.1875 to -0.1725
Dominion North -- -0.565 to -0.54
Dominion South -- -0.57 to -0.525
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.405 to -0.38
Tennessee Zn 4 313 Pool -- -0.46 to -0.41
Tennessee Zn 4 Marcellus -- -0.68 to -0.55
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.60 to -0.555
Texas Eastern M-3, Delivery -- -0.50 to -0.47
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.615 to -0.59
Northeast
Algonquin Citygate -- -0.17 to -0.105
Algonquin Citygate (non-G) -- -0.17 to -0.105
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.24 to -0.08
Iroquois, Waddington -- -0.12 to -0.10
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.18 to -0.15
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.40 to -0.315
Transco Zone 6 non-NY North -- -0.40 to -0.315
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.37 to -0.32
Rocky Mountains
Cheyenne Hub 2.77 to 2.83 --
CIG 2.80 to 2.85 --
CIG DJ Basin 2.75 to 2.77 --
El Paso Bondad -- --
El Paso non-Bondad 2.75 to 2.76 --
Kern River 2.86 to 2.86 --
Kingsgate 2.57 to 2.62 --
Northwest S. of Green River 2.82 to 2.82 --
Northwest Sumas 2.68 to 2.70 --
Northwest Wyoming Pool -- --
Opal 2.82 to 2.88 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.81 to 2.85 --
White River Hub 2.80 to 2.80 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.88 to 2.93 --
PG&E Citygate 3.39 to 3.46 --
SoCal Citygate 3.26 to 3.32 --
Southern Border, PG&E 2.95 to 2.96 --
Southern Border, SoCal 2.92 to 3.04 --
SoCal Border Avg. 2.92 to 3.04 --
Canada
Empress 2.88 to 3.01 --
NOVA/AECO C 2.80 to 2.88 --
Westcoast Station 2 -- --
© Copyright 2017 Intelligence Press, Inc.

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 info@natgasintel.com.