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Forward Look

July 21, 2017

Prompt-Month-NYMEX-NatGas-Contract-Historical-20-Day-Annualized-Volatility-for-the-Past-Year-20170714

Heatwave Pushes NatGas Forward Prices Higher, But Will it Last?

With heat indexes soaring above 100 degrees over much of the United States and forecasts indicating more hot weather on the way, natural gas forward prices for August rose an average 9 cents from July 7 to 13, according to NGI’s Forward Look.
Current-Coal-vs-NatGas-Prices-in-Key-US-Cities-20170707

NatGas Forwards Plunge As Heat Eludes Key East Market

While many folks across the United States celebrated the Independence Day holiday gorging on hot dogs and hamburgers, natural gas market bears proved to be still ravenous after the holiday, sending August forward prices down an average 14 cents between June 30 and July 6, according to NGI’s Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - June 30 for July 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 -- -0.0725 to -0.04
Tennessee Zone 0 South -- -0.17 to -0.155
Texas Eastern S. TX -- -0.015 to 0.02
Transco Zone 1 -- -0.085 to -0.085
East Texas
Carthage -- -0.125 to -0.11
Houston Ship Channel 3.13 to 3.16 0.115 to 0.12
Katy -- --
NGPL TexOk 2.89 to 2.91 -0.1625 to -0.16
Tennessee Zone 0 North -- -0.19 to -0.175
Texas Eastern E. TX -- -0.105 to -0.105
Transco Zone 2 -- -0.015 to -0.015
West Texas/SE New Mexico
El Paso Permian 2.64 to 2.68 --
Transwestern 2.65 to 2.69 --
Waha 2.67 to 2.73 --
Midwest
Alliance 2.87 to 2.88 -0.155 to -0.145
ANR ML7 2.88 to 2.88 -0.105 to -0.105
Chicago Citygate 2.86 to 2.90 -0.13 to -0.13
Chicago - Nicor Gas 2.86 to 2.90 -0.13 to -0.13
Chicago - NIPSCO 2.87 to 2.90 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.10 to -0.0875
Dawn 2.88 to 2.98 -0.09 to -0.0725
Emerson -- -0.395 to -0.36
Joliet 2.87 to 2.88 -0.155 to -0.145
Lebanon -- -0.185 to -0.16
Michigan Consolidated 2.92 to 2.93 -0.135 to -0.11
NGPL Amarillo Mainline 2.73 to 2.76 --
Parkway/Union 2.97 to 2.98 -0.08 to -0.075
REX into ANR - Shelby -- -0.16 to -0.145
REX into MGT - Edgar -- -0.1875 to -0.1725
REX into NGPL - Moultrie -- -0.19 to -0.19
REX into PEPL - Putnam -- -0.145 to -0.145
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.70 to 2.73 -0.3375 to -0.335
Enable East -- -0.195 to -0.19
Enable West -- -0.21 to -0.21
NGPL Midcontinent 2.69 to 2.76 -0.30 to -0.30
Northern Border Ventura -- --
Northern Natural Demarc 2.73 to 2.79 -0.28 to -0.27
Northern Natural Ventura 2.74 to 2.78 --
OGT 2.60 to 2.62 -0.46 to -0.44
Panhandle Eastern 2.61 to 2.67 -0.405 to -0.37
Southern Star 2.64 to 2.65 --
North Louisiana/Arkansas
Perryville -- -0.13 to -0.095
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.135 to -0.135
Trunkline Zone 1A -- -0.13 to -0.13
South Louisiana
ANR SE -- -0.115 to -0.095
Columbia Gulf Mainline -- -0.125 to -0.1125
Columbia Gulf onshore -- -0.095 to -0.085
Florida Gas Zone 2 -- -0.065 to 0.00
Henry Hub -- -0.0025 to 0.00
Southern Natural -- -0.085 to -0.0775
Tennessee Line 500 -- -0.105 to -0.085
Tennessee Line 800 -- -0.105 to -0.09
Texas Eastern E. LA -- -0.11 to -0.10
Texas Eastern W. LA -- -0.095 to -0.095
Texas Gas Zone SL -- -0.10 to -0.10
Transco Zone 3 3.11 to 3.11 -0.07 to -0.0575
Trunkline E. LA -- -0.07 to -0.07
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.05 to -0.005
Texas Eastern M-1, 30 -- -0.13 to -0.13
Transco Zone 4 -- -0.065 to -0.045
Transco Zone 5 -- -0.17 to 0.025
Transco Zone 5 North -- -0.17 to -0.14
Transco Zone 5 South -- 0.0175 to 0.025
Appalachia
Columbia Gas 2.87 to 2.93 -0.21 to -0.175
Dominion North -- -1.28 to -1.26
Dominion South 1.82 to 1.82 -1.31 to -1.175
Leidy Hub -- -1.3175 to -1.3175
Millennium East Pool 1.86 to 1.86 -1.325 to -1.26
Tenn Zone 4 200L -- -1.11 to -1.05
Tennessee Zn 4 313 Pool -- -1.13 to -1.085
Tennessee Zn 4 Marcellus -- -1.42 to -1.30
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -1.30 to -1.24
Texas Eastern M-3, Delivery 1.79 to 1.83 -1.185 to -1.10
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -1.34 to -1.27
Northeast
Algonquin Citygate -- -0.41 to -0.37
Algonquin Citygate (non-G) -- -0.41 to -0.39
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.26 to -0.19
Iroquois, Waddington -- -0.265 to -0.20
Niagara -- --
Tenn Zone 5 200L -- -1.06 to -0.95
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.46 to -0.36
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.755 to -0.625
Transco Zone 6 non-NY North -- -0.755 to -0.625
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.78 to -0.60
Rocky Mountains
Cheyenne Hub 2.60 to 2.65 --
CIG 2.57 to 2.58 --
CIG DJ Basin 2.57 to 2.58 --
El Paso Bondad 2.66 to 2.66 --
El Paso non-Bondad 2.65 to 2.69 --
Kern River 2.65 to 2.69 --
Kingsgate 2.43 to 2.43 --
Northwest S. of Green River 2.60 to 2.63 --
Northwest Sumas 2.18 to 2.41 --
Northwest Wyoming Pool 2.57 to 2.57 --
Opal 2.65 to 2.69 --
Questar 2.57 to 2.57 --
Stanfield 2.46 to 2.53 --
Transwestern San Juan 2.58 to 2.70 --
White River Hub 2.63 to 2.67 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.84 to 2.84 --
California
Malin 2.70 to 2.77 --
PG&E Citygate 3.22 to 3.27 --
SoCal Citygate 3.17 to 3.22 --
Southern Border, PG&E 2.84 to 2.84 -0.21 to -0.21
Southern Border, SoCal 2.81 to 2.91 -0.19 to -0.19
SoCal Border Avg. 2.81 to 2.91 -0.19 to -0.19
Canada
Empress 2.40 to 2.64 --
NOVA/AECO C 2.14 to 2.37 --
Westcoast Station 2 1.84 to 1.95 --
© 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.