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What do these prices represent?
Forward prices represent the expected price of gas for each month going out into the future. NGI’s Forward Look prices are modeled based on indicative data obtained from exchanges and other third parties.
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How should I interpret the above chart?
The above chart shows a 24-month forward fixed curve with monthly granularity. Essentially, it represents the market’s estimate of the selected point’s price for each month, going out two years into the future.