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Sempra’s Port Arthur FID May Slip Amid Challenging Macro Environment
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Sempra’s Port Arthur FID May Slip Amid Challenging Macro Environment

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NGI's Daily Gas Price Index

March 27, 2020

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Natural Gas Futures Steady as Oil Patch in Turmoil

Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.

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Natural Gas Forwards Tread Water; Permian Slips as Production Growth Still Likely for 2020

After major swings the last couple of weeks from the double whammy of an ongoing oil price war and the coronavirus pandemic, natural gas forward prices steadied during the March 19-25 period, according to NGI’s Forward Look.
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U.S. Drops Four Natural Gas Rigs; Oil Count Down by 40

The U.S. natural gas rig count dropped four units to 102 during the week ended Friday, while a severe drop in oil activity pointed to the impact the collapse in crude prices is having on the industry, the latest numbers from Baker Hughes Co. (BKR) show.

E&Ps, OFS Defend Against Coronavirus, Oil Prices while Spring Reterminations Lurk

EQT Corp. has suspended its quarterly dividends, while Basic Energy Services Inc. has cut spending by 60% and begun closing some locations, as the global oil and gas industry defends against forces that were unforeseen only three months ago.

Vitol Reports 35% Rise in Traded LNG Volumes, Says Fuel to Supply Greater Share of Revenue

Vitol Inc. CEO Russell Hardy said Friday the Swiss commodities giant expects liquefied natural gas to account for a growing share of revenue, as delivered volumes rose 35% to 10.5 million metric tons in 2019.
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Sempra’s Port Arthur FID May Slip Amid Challenging Macro Environment

The current economic environment, plagued by the oil price war between Saudi Arabia and Russia and the Covid-19 pandemic, may impact...
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Woodfibre LNG Wants Delay to Begin Building Export Project on BC Coast

Project changes awaiting regulatory approval and equipment delivery interruptions by the Covid-19 pandemic have delayed the scheduled 2020 construction start for a small liquefied natural gas export project slated for Canada’s west coast.

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‘Above-Average’ 2020 Atlantic Season Could Produce Four Major Hurricanes, Says AccuWeather

The upcoming Atlantic hurricane season is likely to be the fifth consecutive with above-average activity, producing 14-18 tropical storms, including seven to nine hurricanes, with two to four of them major hurricanes (Category 3 or higher), according to AccuWeather meteorologists. 

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Pennsylvania Power Plant Said First to Tap Ethane for Electricity

Competitive Power Ventures Inc. said this week that it is prepared to burn ethane at its new natural gas-fired power plant in Central Pennsylvania after successfully testing new technology.

Natural Gas Futures Called Lower as Markets Weigh Covid-19 Impacts

With natural gas traders left to factor in potential volatility from the expiration of the April contract on top of the broader uncertainty hanging over the market from Covid-19, futures were trading slightly lower early Friday. The April Nymex contract was off 2.4 cents to $1.613/MMBtu at around 8:40 a.m. ET.
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Coronavirus Potentially ‘Brutal’ for Natural Gas; Storage Report Doesn’t Lift Bulls’ Spirits

A larger-than-expected inventory draw failed to inject any bullishness into the natural gas futures market Thursday as traders and analysts continued to mull...

U.S. Natural Gas Price Forecasts Evolving as Coronavirus, Oil Price Slump Roil Markets

Natural gas prices are forecast to be pressured into 2021, with potential relief as associated output falls on reduced oil drilling and more coal-to-gas switching, according to analysts.
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Coronavirus Thrusts LNG Market Further into Turmoil as More Cargoes Float with Nowhere to Go

Bedlam reigned in the global natural gas market on Thursday as more force majeures were issued, cargoes appeared to have nowhere to go, and prices continued spiraling because of widespread measures to stem the coronavirus outbreak.
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Murphy Oil CEO Steps Aside as Coronavirus Hits Close to Home; Capex and Salary Cuts Continuing Across Sector

More capital spending reductions are making the news in the energy sector, and the coronavirus is hitting closer to home, as Murphy Oil Corp.’s CEO announced he is taking a temporary medical leave on a presumptive diagnosis.
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EIA Reports Storage Pull to High Side of Estimates, but Natural Gas Futures Slide

The Energy Information Administration (EIA) on Thursday reported a 29 Bcf weekly withdrawal from U.S. natural gas stocks, a slightly larger-than-expected...

3D"Sign

NGI's Bidweek Alert Day 3 - March 27th for April 2020
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 -- -0.1000 to -0.1000
Texas Eastern S. TX -- -0.0500 to -0.0500
Transco Zone 1 -- -0.0700 to -0.0700
East Texas
Carthage -- -0.1850 to -0.1850
Houston Ship Channel -- -0.0600 to -0.0600
Katy -- --
NGPL TexOk 1.445 to 1.450 -0.2100 to -0.1875
Tennessee Zone 0 North -- -0.1800 to -0.1700
Texas Eastern E. TX -- -0.2050 to -0.2050
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.120 to 0.950 --
El Paso - Keystone Pool 0.140 to 0.250 --
El Paso - Plains Pool 0.900 to 0.950 --
El Paso - Waha Pool 0.120 to 0.240 --
Transwestern 0.150 to 0.200 --
Transwestern - Central -- --
Transwestern - W. TX 0.150 to 0.200 --
Waha 0.070 to 0.260 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 1.390 to 1.500 --
Chicago - Nicor Gas 1.480 to 1.500 --
Chicago - NIPSCO 1.465 to 1.465 --
Chicago - North Shore -- --
Chicago - Peoples 1.390 to 1.390 --
Consumers Energy -- -0.1400 to -0.1300
Dawn 1.430 to 1.450 -0.1500 to -0.1225
Defiance -- --
Rover-ANR -- --
Rover-Panhandle -- --
Emerson -- -0.1950 to -0.1900
Joliet -- --
Lebanon -- -0.2300 to -0.2300
Michigan Consolidated -- -0.1650 to -0.1350
NGPL Amarillo Mainline 1.350 to 1.350 --
Parkway/Union -- --
REX Zone 3 Delivered -- -0.2500 to -0.2100
REX into ANR - Shelby -- -0.2300 to -0.2250
REX into MGT - Edgar -- -0.2300 to -0.2300
REX into NGPL - Moultrie -- -0.2500 to -0.2100
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.180 to 1.185 --
Enable East -- -0.3300 to -0.2850
NGPL Midcontinent 0.980 to 1.200 -0.6400 to -0.4850
Northern Border Ventura -- --
Northern Natural Demarc 1.320 to 1.395 -0.2750 to -0.2750
Northern Natural Ventura 1.335 to 1.400 -0.2800 to -0.2550
OGT -- -0.6200 to -0.5100
Panhandle Eastern -- -0.6200 to -0.5025
Southern Star -- -0.4000 to -0.3800
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.2250 to -0.1850
Trunkline Zone 1A -- -0.2100 to -0.1700
South Louisiana
ANR SE -- -0.0700 to -0.0625
Columbia Gulf Mainline -- -0.2450 to -0.2000
Columbia Gulf onshore -- -0.1000 to -0.1000
Florida Gas Zone 2 -- --
Henry Hub -- -0.0050 to -0.0050
Pine Prairie -- -0.0725 to -0.0650
Southern Natural -- -0.0650 to -0.0550
Tennessee Line 500 -- -0.0675 to -0.0650
Tennessee Line 800 -- -0.1000 to -0.0950
Texas Eastern E. LA -- -0.1100 to -0.0900
Texas Eastern W. LA -- -0.0700 to -0.0500
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0600 to -0.0600
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0025 to 0.0250
Tenn Zone 1 100L -- -0.1850 to -0.1650
Tenn Zone 1 non-St. 87 -- -0.1850 to -0.1725
Tenn Zone 1 St. 87 -- -0.1650 to -0.1650
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0600 to -0.0450
Transco Zone 5 -- -0.0150 to -0.0100
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0150 to -0.0100
Appalachia
Columbia Gas -- -0.3100 to -0.2700
Dominion North -- --
Dominion South -- -0.4650 to -0.4300
Leidy Hub -- --
Millennium East Pool -- -0.4500 to -0.4300
Tenn Zone 4 200L -- -0.2500 to -0.2350
Tennessee Zn 4 313 Pool -- -0.3600 to -0.3350
Tennessee Zn 4 Marcellus -- -0.4800 to -0.4500
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4950 to -0.4500
Texas Eastern M-3, Delivery -- -0.4100 to -0.3700
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4800 to -0.4325
Northeast
Algonquin Citygate -- -0.1800 to -0.1500
Algonquin Citygate (non-G) -- -0.1800 to -0.1500
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.1000 to -0.0900
Iroquois, Waddington -- -0.1100 to -0.0950
Niagara -- -0.2200 to -0.1800
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.1500 to -0.1200
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.1500 to -0.1200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4100 to -0.3550
Transco Zone 6 non-NY North -- -0.4100 to -0.3550
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3800 to -0.3500
Rocky Mountains
Cheyenne Hub 1.180 to 1.290 --
CIG 1.220 to 1.285 --
CIG DJ Basin 0.960 to 1.000 --
El Paso Bondad -- --
El Paso San Juan 1.020 to 1.150 --
Kern River 1.230 to 1.290 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 1.300 to 1.400 --
Northwest Wyoming Pool -- --
Opal 1.280 to 1.380 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.160 to 1.200 --
White River Hub 1.170 to 1.170 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 1.350 to 1.470 --
California
Malin 1.350 to 1.360 --
PG&E Citygate 2.180 to 2.390 --
SoCal Citygate 1.500 to 1.850 --
Southern Border, PG&E 1.100 to 1.250 --
Southern Border, SoCal 1.080 to 1.300 --
SoCal Border Avg. 1.080 to 1.300 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.150 to 1.300 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer -- --
SoCal Border - Needles 1.080 to 1.225 --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 1.590 to 1.725 --
NOVA/AECO C 1.565 to 1.690 --
Westcoast Station 2 1.550 to 1.570 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.