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Forward Look

April 24, 2017

2017-Daily-California-NatGas-Demand-20170421

NatGas Forwards Weaken as Market Juggles Storage, Weather, Other Factors

Natural gas futures and forwards markets were lower across the curve for the period between April 13 and 20, with May shedding an average 6 cents as another retraction in the storage surplus and forecasts for mostly mild weather in the coming weeks pressured the market, according to NGI’s Forward Look.

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Bearish Weather Sends NatGas Forwards Down Across Most of Curve

May natural gas forwards prices fell an average 9 cents between April 7 and 12 as overall bearish weather sentiment overshadowed the tight background supply/demand picture, according to NGI’s Forward Look.

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NGI's Bidweek Alert Day 1 - Apr. 24 for May 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 -- -0.13 to -0.13
Texas Eastern S. TX -- -0.0325 to -0.0325
Transco Zone 1 -- --
East Texas
Carthage -- --
Houston Ship Channel 3.10 to 3.12 --
Katy 3.11 to 3.11 --
NGPL TexOk -- --
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 2.55 to 2.58 --
Transwestern 2.57 to 2.57 --
Waha 2.60 to 2.63 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.92 to 2.92 --
Chicago - Nicor Gas 2.92 to 2.92 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- --
Dawn -- 0.15 to 0.165
Emerson -- --
Joliet -- --
Lebanon -- -0.185 to -0.185
Michigan Consolidated 2.98 to 3.04 -0.065 to -0.06
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- --
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.235 to -0.235
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.63 to 2.65 -0.43 to -0.425
Enable East -- --
Enable West -- --
NGPL Midcontinent -- --
Northern Border Ventura -- --
Northern Natural Demarc -- --
Northern Natural Ventura 2.73 to 2.73 --
OGT 2.57 to 2.57 -0.47 to -0.47
Panhandle Eastern 2.58 to 2.63 -0.45 to -0.445
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- --
Trunkline Zone 1A -- --
South Louisiana
ANR SE -- --
Columbia Gulf Mainline -- --
Columbia Gulf onshore -- --
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- --
Tennessee Line 500 -- -0.09 to -0.09
Tennessee Line 800 -- --
Texas Eastern E. LA -- --
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- --
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- --
Transco Zone 5 -- -0.14 to -0.0025
Transco Zone 5 North -- -0.14 to -0.14
Transco Zone 5 South -- -0.0025 to -0.0025
Appalachia
Columbia Gas -- -0.17 to -0.1675
Dominion North -- -0.52 to -0.52
Dominion South -- -0.5225 to -0.52
Leidy Hub -- --
Millennium East Pool -- --
Tenn Zone 4 200L -- -0.375 to -0.375
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.665 to -0.665
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.53 to -0.525
Texas Eastern M-3, Delivery -- -0.47 to -0.46
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.64 to -0.61
Northeast
Algonquin Citygate -- 0.20 to 0.25
Algonquin Citygate (non-G) -- 0.20 to 0.25
Algonquin Receipts -- --
Iroquois Zone 2 -- --
Iroquois, Waddington -- --
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.19 to 0.19
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.25 to -0.22
Transco Zone 6 non-NY North -- -0.25 to -0.22
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.25 to -0.23
Rocky Mountains
Cheyenne Hub -- --
CIG -- --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso non-Bondad 2.57 to 2.60 --
Kern River -- --
Kingsgate -- --
Northwest S. of Green River -- --
Northwest Sumas -- --
Northwest Wyoming Pool -- --
Opal 2.64 to 2.64 --
Questar -- --
Stanfield -- --
Transwestern San Juan 2.60 to 2.60 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery -- --
California
Malin 2.72 to 2.73 --
PG&E Citygate 3.24 to 3.25 --
SoCal Citygate -- --
Southern Border, PG&E -- --
Southern Border, SoCal 2.70 to 2.73 --
SoCal Border Avg. 2.70 to 2.73 --
Canada
Empress 2.64 to 2.68 --
NOVA/AECO C 2.48 to 2.55 --
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.