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 email@example.com.
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.
The stars were aligned for natural gas bulls hoping to ride the wave of Tuesday’s gains as weather models continued to trend colder for the late February/early March period. But after hitting an intraday high of $2.689, the Nymex March gas futures contract slid from there, eventually settling Wednesday at $2.636, down 2.6 cents. April fell 2.8 cents to $2.669.
After a brief dip into negative territory, natural gas futures posted another gain Tuesday as the American weather model turned more aggressive, with cold returning to the East later this month. With already strong demand on tap beginning this week and lasting through next week, the Nymex March gas futures contract settled 4.6 cents higher at $2.688. April was up 4.6 cents to $2.705.
Natural gas futures rallied to start the week as weather guidance trended colder with a weather system expected to hit the United States this weekend and others that would potentially last into March. The Nymex March gas futures contract climbed 5.9 cents to settle Monday at $2.642, while April jumped 5.5 cents to $2.659.
Despite mostly mild weather across the United States this week, some localized frigid air in the West led to extreme volatility in that region. Prices for the Feb. 4-8 period spiked nearly $20 in the Rockies and more than $10 in California as demand hit record levels. Elsewhere, however, temperatures turned springlike and led to a substantial sell-off, especially in Northeast markets. The NGI Weekly National Avg.ultimately rose 59 cents to $3.525.
Natural gas futures prices put up modest gains Friday as weather models trended colder with a cold snap expected to hit the country around Feb. 18, and hinted at the possibility of more winter storms to follow. The Nymex March gas futures contract edged up 3.2 cents to settle at $2.583, while April rose 3.2 cents to $2.604.
After shedding nearly a quarter during the last four trading sessions, March natural gas prices managed to end Tuesday in the black -- but barely -- as major weather model differences continued between the milder Global Forecast System model and the colder European model. The Nymex March gas futures contract climbed two-tenths of a cent to settle at $2.662, while April rose eight-tenths of a cent to $2.65.
Natural gas futures prices fell deeper into the red Monday, extending losses for a fourth consecutive day as weather models can’t seem to agree on the return of significantly colder weather. The Nymex March gas futures contract settled 7.4 cents lower at $2.66. April dropped 5.7 cents to $2.642, and the rest of the futures strip fell no more than about 5 cents.
The February Nymex natural gas futures contract ended on a positive note Tuesday, recovering from early losses as long-range forecasts hinted at more cold arriving after a milder break next week. In the spot market, Midwest prices surged for a second straight day as forecasters were looking for the most extreme temperatures from this week’s polar cold front to hit the region Wednesday; the NGI Spot Gas National Avg. added 77.5 cents to $4.400/MMBtu.
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.