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Global Natural Gas Market Still Wrestling with Coronavirus Impacts
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Global Natural Gas Market Still Wrestling with Coronavirus Impacts

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NGI's Daily Gas Price Index

February 14, 2020

Small Rebound for NatGas Futures as Weather Models Trend Colder; Cash Slides as Temperatures Warm

Natural gas futures capped the week with a modest gain as the latest weather data gave bulls enough momentum to prevent another leg lower ahead of the long holiday weekend. The March Nymex gas futures contract climbed 1.1 cents to settle Friday at $1.837. April was unchanged at $1.856.
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Global Natural Gas Market Still Wrestling with Coronavirus Impacts

The global natural gas market is grappling with demand loss in China that’s resulted from the coronavirus outbreak, as spot prices in Northeast Asia...
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Enbridge Expands Role in LNG Exports with Deal to Buy Rio Bravo Pipeline

Enbridge Inc. has agreed to acquire the Rio Bravo Pipeline Co. and assume full ownership of the 4.5 Bcf/d system that would feed NextDecade Corp.’s proposed RioGrande liquefied natural gas export facility.
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U.S. Natural Gas Rig Count Down One; Oil Activity Rises

The U.S. natural gas rig count fell one unit to 110 for the week ended Friday, while an uptick in the oil patch left the overall domestic tally unchanged, according to the latest numbers from Baker Hughes Co.

FERC Staff Issues FEIS for MVP Southgate Project

FERC staff has issued a final environmental impact statement for EQM Midstream Partners LP’s Southgate Project, which would involve the construction and operation of 75 miles of 16-inch and 24-inch diameter interstate natural gas transmission pipeline in Virginia and North Carolina.

TC Energy Invests $1.3B to Unlock Western Canadian NatGas Supply

Western Canadian production would gain a route to liquefied natural gas export terminals on the Gulf Coast from a pipeline expansion announced Thursday by TC Energy Corp.

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Oregon Utility Betting Future on Renewable Natural Gas

Portland, OR-based NW Natural has declared it is all in for renewable natural gas and will begin purchasing RNG supplies for its residential and business customers later this year.

Milder Overnight Trends Leaving Market ‘Disappointed’ as Natural Gas Futures Called Lower

With updated weather models once again appearing to back off somewhat on the intensity of upcoming cold, natural gas futures were trading slightly lower early Friday. The March Nymex contract was down 0.9 cents to $1.817/MMBtu at around 8:40 a.m. ET.
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Natural Gas Futures Bulls Cede Ground Despite ‘Strong’ EIA Storage Print

Despite a larger-than-expected withdrawal in the latest government storage report, one that pointed to continued tightness in the market, natural gas futures failed...
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Weakness Continues for Natural Gas Forwards, But Production Outlooks Provide Modest Support to Winter Strip

Warm weather outlooks kept a firm grip on the front of the natural gas forward curve for the Feb. 6-11 period, while a projected softening in Lower 48 production growth provided a modest uplift to winter 2020-21 prices, according to NGI’s Forward Look.
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Shell, Ecopetrol Form Deepwater Natural Gas Alliance Offshore Colombia

A subsidiary of Royal Dutch Shell plc has acquired a 50% operating stake in three ultra-deepwater natural gas blocks from Colombian national oil company Ecopetrol SA, the companies said Friday.
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EIA Storage Report Shows ‘Another Strong Number,’ But Natural Gas Traders Shrug

The Energy Information Administration (EIA) Thursday reported a 115 Bcf weekly withdrawal from U.S. natural gas stocks, to the bullish side of expectations...
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More NatGas, Less Coal Contributed to Flat CO2 Emissions Growth in 2019, Says IEA

Owing in part to fuel switching from coal to natural gas in advanced economies, global energy-related carbon dioxide (CO2) emissions remained flat year/year in 2019, according to new data released this week by the International Energy Agency (IEA).

Regulators Begin California Wildfire Plan Review; PG&E Power Line Questioned

California regulators on Monday outlined a five-month process for finalizing 2020 wildfire mitigation plans for the state’s major utilities, beginning with a two-day public workshop later this month, on Feb. 18 and 19.

Market Shifting Attention to EIA Storage Number as Natural Gas Futures Called Higher

With traders looking ahead to new weekly storage data from the Energy Information Administration (EIA), natural gas futures were trading slightly higher early Thursday. The March Nymex contract was trading 2.1 cents higher at $1.865/MMBtu at around 8:30 a.m. ET.

3D"Sign

NGI's Bidweek Alert Day 5 - January 31st for February 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 -- -0.1100 to -0.1050
Texas Eastern S. TX -- --
Transco Zone 1 -- -0.0750 to -0.0700
East Texas
Carthage -- --
Houston Ship Channel -- -0.0650 to -0.0650
Katy -- --
NGPL TexOk -- -0.1575 to -0.1450
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 0.050 to 1.220 --
El Paso - Keystone Pool 0.120 to 0.525 --
El Paso - Plains Pool 1.110 to 1.220 --
El Paso - Waha Pool 0.050 to 0.450 --
Transwestern 0.200 to 0.400 --
Transwestern - Central 0.305 to 0.400 --
Transwestern - W. TX 0.200 to 0.400 --
Waha 0.050 to 0.550 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 1.805 to 1.945 --
Chicago - Nicor Gas 1.850 to 1.935 --
Chicago - NIPSCO 1.805 to 1.945 --
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy 1.815 to 1.815 -0.0900 to -0.0850
Dawn 1.705 to 1.820 -0.1250 to -0.0800
Defiance -- -0.1700 to -0.1700
Rover-ANR -- -0.1700 to -0.1700
Rover-Panhandle -- --
Emerson -- -0.0750 to -0.0400
Joliet -- --
Lebanon -- -0.1250 to -0.1250
Michigan Consolidated -- -0.1550 to -0.1250
NGPL Amarillo Mainline 1.710 to 1.740 --
Parkway/Union 1.810 to 1.810 -0.0500 to -0.0450
REX Zone 3 Delivered -- -0.1525 to -0.1250
REX into ANR - Shelby -- -0.1525 to -0.1250
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.1500 to -0.1450
REX into PEPL - Putnam -- -0.1400 to -0.1400
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 1.680 to 1.680 --
Enable East -- -0.2525 to -0.2050
NGPL Midcontinent 1.410 to 1.450 -0.5200 to -0.5200
Northern Border Ventura -- --
Northern Natural Demarc 1.800 to 1.810 -0.0300 to -0.0250
Northern Natural Ventura 1.870 to 2.020 --
OGT 1.445 to 1.445 -0.4500 to -0.4500
Panhandle Eastern 1.440 to 1.490 -0.4700 to -0.4350
Southern Star -- -0.2600 to -0.2600
North Louisiana/Arkansas
Perryville -- -0.1000 to -0.1000
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1450 to -0.1450
Trunkline Zone 1A -- -0.1625 to -0.1300
South Louisiana
ANR SE -- -0.0725 to -0.0700
Columbia Gulf Mainline -- -0.1600 to -0.1425
Columbia Gulf onshore -- -0.0700 to -0.0650
Florida Gas Zone 2 -- --
Henry Hub -- -0.0025 to -0.0025
Southern Natural -- -0.0725 to -0.0625
Tennessee Line 500 -- -0.0800 to -0.0650
Tennessee Line 800 -- -0.1200 to -0.1100
Texas Eastern E. LA -- -0.1000 to -0.1000
Texas Eastern W. LA -- -0.0700 to -0.0650
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0500 to -0.0450
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0050 to 0.0200
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0325 to -0.0275
Transco Zone 5 -- 0.2800 to 0.5800
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.2800 to 0.5800
Appalachia
Columbia Gas -- -0.3500 to -0.3300
Dominion North -- -0.4200 to -0.4000
Dominion South -- -0.4400 to -0.3950
Leidy Hub -- --
Millennium East Pool -- -0.3500 to -0.3400
Tenn Zone 4 200L -- -0.2200 to -0.2000
Tennessee Zn 4 313 Pool -- -0.3900 to -0.3750
Tennessee Zn 4 Marcellus -- -0.4000 to -0.3750
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.4450 to -0.4000
Texas Eastern M-3, Delivery -- 0.1500 to 0.4200
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.4200 to -0.2800
Northeast
Algonquin Citygate -- 1.0000 to 1.5750
Algonquin Citygate (non-G) -- 1.0000 to 1.5750
Algonquin Receipts -- --
Iroquois Zone 2 -- 1.1000 to 1.5000
Iroquois, Waddington -- 0.4700 to 0.7000
Niagara -- -0.0250 to -0.0100
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- --
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- --
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.2000 to 0.4500
Transco Zone 6 non-NY North -- 0.2000 to 0.4500
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.3500 to 0.8000
Rocky Mountains
Cheyenne Hub 1.620 to 1.655 --
CIG 1.605 to 1.650 --
CIG DJ Basin -- --
El Paso Bondad 1.600 to 1.600 --
El Paso San Juan 1.550 to 1.630 --
Kern River 1.890 to 2.030 --
Kingsgate -- --
Northwest Rockies 1.620 to 1.660 --
Northwest S. of Green River 1.620 to 1.660 --
Northwest Sumas 1.895 to 2.100 --
Northwest Wyoming Pool -- --
Opal 1.920 to 2.050 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.600 to 1.600 --
White River Hub 1.660 to 1.710 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.375 to 2.550 --
California
Malin 1.915 to 2.060 --
PG&E Citygate 2.690 to 2.790 --
SoCal Citygate 3.350 to 3.530 --
Southern Border, PG&E 1.620 to 1.700 --
Southern Border, SoCal 1.650 to 2.500 --
SoCal Border Avg. 1.650 to 2.500 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.150 to 2.390 --
SoCal Border - Kern River Station 2.350 to 2.350 --
SoCal Border - Kramer 2.430 to 2.500 --
SoCal Border - Needles 1.700 to 1.700 --
SoCal Border - Topock 1.650 to 1.650 --
SoCal Border - Wheeler Ridge 2.440 to 2.440 --
Canada
Alliance (APC) - ATP -- --
Empress 1.780 to 1.990 --
NOVA/AECO C 1.740 to 1.975 --
Westcoast Station 2 1.900 to 1.925 --
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.