Algonquin Citygate Northeast Natural Gas Prices

Published: Jan 1, 2020
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Algonquin Citygate Description

Includes transactions to delivery points within the Algonquin system. Excludes gas deliveries into Algonquin from connecting pipelines, as that is a separate index.

Natural Gas Futures Rally as ‘Weekend Risk’ Expected From Forecasts

The prospect of a return to something resembling winter temperatures later this month provided enough impetus Friday to lift natural gas futures ahead of another potentially pivotal weekend of weather data. The February Nymex contract picked up 3.6 cents to settle at $2.202/MMBtu; March settled at $2.168, up 2.0 cents. Read More

Winter Weather Underwhelms as Weekly Natural Gas Spot Prices Grind Lower

The start of a new year and a new decade brought the same underwhelming winter weather that kept the pressure on natural gas prices to close out 2019; heavy discounts along the East and West coasts during the trading week ended Jan. 3 dropped NGI’s Weekly Spot Gas National Avg. 11.5 cents to $1.970/MMBtu.

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Natural Gas Futures Steady as Market Waits for Signs of Cold

On a day when Middle East tensions roiled oil markets and dominated energy headlines, natural gas futures turned in a quiet session Friday, with continued warmth... Read More

Natural Gas Traders Keep Powder Dry as EIA Storage Number Lands Near Consensus

The Energy Information Administration on Friday reported a 58 Bcf weekly net withdrawal from U.S. natural gas stocks that came close to... Read More

Natural Gas Bidweek Prices Tumble as Record Warmth Set for January

With January projected to be one of the Top-10 warmest on record, the double-digit decreases in bidweek prices reflect just how much things can change in a year. NGI’s January Bidweek National Avg. dropped 26.0 cents to $2.565.

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‘Heavily Overweight’ Shorts May Be Behind Natural Gas Futures’ Bounce to Close Out 2019; Cash Drops

Although eager to put 2019 in the rearview mirror, natural gas bulls managed to close out the year on a slightly positive note, sending futures a few ticks higher during the final trading session of the decade. The February Nymex gas futures contract settled Tuesday at $2.189/MMBtu, up three-tenths of a cent from Monday’s close. March rose just .001 cents to $2.158. Read More

Natural Gas Futures’ Decline Puts March/April Spread to Within Penny; Cash Rebounds

After struggling to hold their head above water, natural gas futures sank Monday as sustained cold weather remained absent from long-range forecasts. The February Nymex gas futures contract, in its first day in the prompt-month position, settled at $2.186/MMBtu, down 4.5 cents from Friday’s close. March slipped 1.6 cents to $2.157. Read More

Toasty Temperatures Push Natural Gas Weekly, Futures Prices Lower in Final Week of 2019

Unseasonably warm weather combined with weak holiday demand to drive natural gas prices much lower for the Dec. 23-27 week. Driven by a substantial sell-off in the Northeast, and notable declines in West Texas, the NGI Weekly Spot Gas National Avg. plunged 84.5 cents to $2.085. Read More

January Natural Gas Expires Near $2.15 Amid Volatile Weather Data; Waha Cash Goes Negative

Weather models remained at the forefront of natural gas trading Friday, with futures quickly reversing... Read More

EIA Reports Another Triple-Digit Storage Draw; Prices Plunge Anyway

For the second week in a row, the U.S. Energy Information Administration surprised the natural gas market with a much larger-than-expected... Read More