Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. For more information, please seeNGI's Price Methodology.
NGI's Natural Gas Forward Basis Prices are expressed in U.S.$/MMBtu and 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 email@example.com.
SoCal Citygate Description
Deliveries to customers behind Southern California Gas' local distribution system in Southern California. Includes storage deals.
With impressive early winter cold amplifying the risks posed by lean stockpiles, the recent rally in the natural gas futures market showed no signs of letting up Tuesday -- and if anything seemed to accelerate. Meanwhile, another day of widespread weather-driven gains yielded some of the strongest early winter spot prices since 2014; the NGI Spot Gas National Avg. tacked on another 35.5 cents to $4.410/MMBtu.
Natural gas futures rebounded Friday on colder trends for the second week of November, with more volatility from weather models for a market keenly focused on shifts in the temperature outlook. The December Nymex contract added 4.7 cents to settle at $3.284/MMBtu after trading in a fairly wide range from $3.166 to $3.313. January added 3.5 cents to $3.310, while February climbed 1.9 cents to $3.192.
December natural gas futures strengthened Wednesday as the possibility of chillier weather in the medium range and persistently low storage inventories once again caused jitters for the market. The Nymex December futures contract rose 7.4 cents to $3.261, while January climbed 5.8 cents to $3.302.
Shoulder-season volatility -- in both weather models and natural gas pricing -- continued on Tuesday as traders appeared unsure of what to make of the latest weather data, which reflected a return to cold weather in the long range but warmer weather through the medium term. The Nymex December gas futures contract, in its first day in the prompt-month position, settled at $3.187, down 1.1 cents on the day. January slipped 1.7 cents to $3.244.
For the second trading day in a row, natural gas futures bounced off key technical support, limiting losses despite a new production record established over the past weekend and warmer weather through the medium range. The Nymex November gas futures contract ultimately expired Monday at $3.185, flat on the day, despite shedding as much as 8.5 cents during the session. December, which will take over the prompt-month position on Tuesday, fell 2.7 cents to $3.198.
Natural gas prices were mixed for the period between Oct. 22 and 26 as unseasonably chilly weather moved across the eastern half of the country. Gains were somewhat tempered compared with recent weeks, although several maintenance events across the country boosted some points by a couple of dollars. The NGI Weekly National Avg.was up a far more modest 6 cents to $3.24.
After waffling just a couple of cents below the previous day’s settle for much of the morning -- and even moving into positive territory -- the latest weather models provided enough confirmation in milder mid-November trends for natural gas market bears to officially claim victory, for Wednesday’s battle at least. November Nymex futures settled at $3.166, down 4.6 cents on the day. December fell 5.6 cents to $3.227, and the winter strip (November-March) dropped 5.4 cents to $3.174.
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.