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Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand
Forward Look
Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand

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Forward Look

June 5, 2020

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Natural Gas Forward Curve Steady as Market Awaits Bigger Changes in Supply/Demand

Natural gas forward prices continued to tread water during the May 28-June 3 period, rising only a few pennies on average across the curve as summer heat started to build across the United States.
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June Natural Gas Forward Prices Gripped by LNG Concerns, but Demand Bump Seen by July

With liquefied natural gas (LNG) feed gas volumes sinking to fresh lows and overall demand still lagging amid the coronavirus pandemic, June natural gas forward prices softened for the May 21-27 period, according to NGI’s Forward Look.

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NGI's Bidweek Alert Day 5 - May 29th for June 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 -- --
Texas Eastern S. TX -- -0.0500 to -0.0300
Transco Zone 1 -- --
East Texas
Carthage -- -0.1750 to -0.1300
Houston Ship Channel -- -0.0300 to -0.0300
Katy -- --
NGPL TexOk -- -0.1550 to -0.1450
Tennessee Zone 0 North -- -0.1400 to -0.1325
Texas Eastern E. TX -- -0.1400 to -0.1400
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.360 to 1.470 --
El Paso - Keystone Pool 1.370 to 1.420 --
El Paso - Plains Pool 1.440 to 1.470 --
El Paso - Waha Pool 1.360 to 1.470 --
Transwestern 1.390 to 1.410 --
Transwestern - Central 1.410 to 1.410 --
Transwestern - W. TX 1.390 to 1.400 --
Waha 1.360 to 1.470 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 1.585 to 1.665 -0.0900 to -0.0900
Chicago - Nicor Gas 1.585 to 1.585 -0.0900 to -0.0900
Chicago - NIPSCO 1.585 to 1.665 -0.0900 to -0.0900
Chicago - North Shore -- --
Chicago - Peoples -- --
Consumers Energy -- -0.0925 to -0.0650
Dawn 1.550 to 1.700 -0.1075 to -0.0700
Defiance -- -0.1800 to -0.1600
Rover-ANR -- --
Rover-Panhandle -- -0.1800 to -0.1600
Emerson -- -0.1450 to -0.1000
Joliet -- --
Lebanon -- -0.1650 to -0.1650
Michigan Consolidated 1.610 to 1.645 -0.1350 to -0.1100
NGPL Amarillo Mainline -- --
Parkway/Union 1.650 to 1.675 --
REX Zone 3 Delivered -- -0.1650 to -0.1650
REX into ANR - Shelby -- -0.1650 to -0.1650
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- --
REX into PEPL - Putnam -- --
REX into Trunk - Douglas -- --
Midcontinent
ANR SW -- -0.2300 to -0.2150
Enable East -- -0.1350 to -0.1200
NGPL Midcontinent -- -0.1500 to -0.1500
Northern Border Ventura -- --
Northern Natural Demarc 1.590 to 1.695 --
Northern Natural Ventura 1.610 to 1.655 --
OGT 1.645 to 1.645 -0.1500 to -0.1200
Panhandle Eastern 1.450 to 1.540 -0.2700 to -0.2400
Southern Star -- -0.2150 to -0.2150
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1625 to -0.1475
Trunkline Zone 1A -- -0.1850 to -0.1400
South Louisiana
ANR SE -- -0.0850 to -0.0825
Columbia Gulf Mainline -- -0.1800 to -0.1550
Columbia Gulf onshore -- -0.1000 to -0.0700
Florida Gas Zone 2 -- --
Henry Hub -- -0.0050 to -0.0050
Pine Prairie -- -0.0700 to -0.0600
Southern Natural -- -0.0800 to -0.0550
Tennessee Line 500 -- -0.0850 to -0.0750
Tennessee Line 800 -- -0.1200 to -0.1150
Texas Eastern E. LA -- -0.0800 to -0.0800
Texas Eastern W. LA -- -0.0700 to -0.0700
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0775 to -0.0675
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- 0.0000 to 0.0100
Tenn Zone 1 100L -- -0.1500 to -0.1400
Tenn Zone 1 non-St. 87 -- --
Tenn Zone 1 St. 87 -- -0.1500 to -0.1400
Texas Eastern M-1, 30 -- -0.1400 to -0.1400
Transco Zone 4 -- -0.0700 to -0.0450
Transco Zone 5 -- -0.0500 to -0.0300
Transco Zone 5 North -- --
Transco Zone 5 South -- -0.0500 to -0.0300
Appalachia
Columbia Gas -- -0.2700 to -0.2400
Dominion North -- -0.4600 to -0.4600
Dominion South -- -0.4700 to -0.4300
Leidy Hub -- --
Millennium East Pool -- -0.5600 to -0.4700
Tenn Zone 4 200L -- -0.3100 to -0.2800
Tennessee Zn 4 313 Pool -- -0.3900 to -0.3700
Tennessee Zn 4 Marcellus -- -0.6000 to -0.5750
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.5100 to -0.4600
Texas Eastern M-3, Delivery -- -0.4400 to -0.3900
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.5450 to -0.4800
Northeast
Algonquin Citygate -- -0.4000 to -0.3500
Algonquin Citygate (non-G) -- -0.4000 to -0.3500
Algonquin Receipts -- --
Iroquois Zone 2 -- -0.3200 to -0.3000
Iroquois, Waddington -- -0.2600 to -0.2200
Niagara -- --
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- -0.2800 to -0.2600
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- -0.2800 to -0.2600
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4650 to -0.4200
Transco Zone 6 non-NY North -- -0.4650 to -0.4200
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.4600 to -0.4200
Rocky Mountains
Cheyenne Hub 1.485 to 1.530 --
CIG -- --
CIG DJ Basin 1.350 to 1.350 --
El Paso Bondad -- --
El Paso San Juan 1.470 to 1.510 --
Kern River 1.520 to 1.590 --
Kingsgate -- --
Northwest Rockies -- --
Northwest S. of Green River -- --
Northwest Sumas 1.510 to 1.560 --
Northwest Wyoming Pool -- --
Opal 1.520 to 1.560 --
Questar -- --
Stanfield 1.570 to 1.570 --
Transwestern San Juan 1.550 to 1.550 --
White River Hub -- --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 1.800 to 1.800 --
California
Malin 1.550 to 1.580 --
PG&E Citygate 2.490 to 2.585 --
SoCal Citygate 2.020 to 2.070 --
Southern Border, PG&E -- --
Southern Border, SoCal 1.560 to 1.770 --
SoCal Border Avg. 1.560 to 1.770 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 1.700 to 1.730 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 1.770 to 1.770 --
SoCal Border - Needles 1.560 to 1.560 --
SoCal Border - Topock 1.575 to 1.625 --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 1.840 to 1.985 --
NOVA/AECO C 1.840 to 1.970 --
Westcoast Station 2 1.900 to 1.910 --
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.




Forward Look prices are in U.S.$/MMBtu for all points including those in Canada. "Fixed Price" represents 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 10 years, contact sales at info@natgasintel.com.