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Natural Gas Forwards Surge on Lasting Cold Snap; Rally Halts on Milder Weather Trends
Forward Look
A pre-winter cold snap that caught off guard a market already facing low storage inventories sent November natural gas forward prices up an average 18 cents from Oct. 4-10, according to NGI’s Forward Look. Read More
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Forward Look

October 16, 2018

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Natural Gas Forwards Surge on Lasting Cold Snap; Rally Halts on Milder Weather Trends

A pre-winter cold snap that caught off guard a market already facing low storage inventories sent November natural gas forward prices up an average 18 cents from Oct. 4-10, according to NGI’s Forward Look.
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November NatGas Forwards Soar to Highest Levels in Year; Volatility is Back

Natural gas traders didn’t have to look hard for reasons to drive up forward prices as stubbornly low natural gas storage inventories, delays in service for key pipelines, erratic weather outlooks and a higher-than-usual level of nuclear generation outages caused plenty of jitters mere weeks before the start of winter. November natural gas forward prices rocketed an average 22 cents higher from Sept. 27-Oct. 3, according to NGI’s Forward Look.

3D"Sign

NGI's Bidweek Alert Day 5 - September 28th for October 2018
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 -- -0.1450 to -0.1150
Texas Eastern S. TX -- 0.0400 to 0.0500
Transco Zone 1 -- -0.0550 to -0.0400
East Texas
Carthage -- -0.2000 to -0.1625
Houston Ship Channel 3.160 to 3.200 0.1200 to 0.1200
Katy -- --
NGPL TexOk 2.880 to 2.880 -0.2050 to -0.1675
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.170 to 1.290 --
Transwestern 1.200 to 1.215 --
Waha 1.190 to 1.220 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.895 to 2.950 --
Chicago - Nicor Gas 2.900 to 2.950 --
Chicago - NIPSCO -- --
Chicago - North Shore -- --
Chicago - Peoples 2.895 to 2.910 --
Consumers Energy -- -0.1250 to -0.0800
Dawn 2.940 to 2.965 -0.1400 to -0.0925
Emerson -- -0.2300 to -0.2000
Joliet -- --
Lebanon -- -0.2700 to -0.2300
Michigan Consolidated 2.940 to 2.940 -0.1350 to -0.0900
NGPL Amarillo Mainline -- --
Parkway/Union -- --
REX into ANR - Shelby -- -0.2250 to -0.2125
REX into MGT - Edgar -- -0.2000 to -0.1925
REX into NGPL - Moultrie -- -0.1875 to -0.1850
REX into PEPL - Putnam -- -0.2300 to -0.2200
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.205 to 2.240 -0.8600 to -0.8100
Enable East 2.730 to 2.730 -0.3050 to -0.3000
Enable West -- --
NGPL Midcontinent -- -0.9850 to -0.9500
Northern Border Ventura 2.780 to 2.860 --
Northern Natural Demarc 2.720 to 2.800 --
Northern Natural Ventura 2.835 to 2.870 --
OGT 1.650 to 1.710 -1.4800 to -1.3800
Panhandle Eastern 2.090 to 2.150 -0.9250 to -0.8750
Southern Star -- --
North Louisiana/Arkansas
Perryville -- -0.1300 to -0.1300
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1850 to -0.1550
Trunkline Zone 1A -- -0.2400 to -0.2075
South Louisiana
ANR SE -- -0.2125 to -0.1675
Columbia Gulf Mainline -- -0.1875 to -0.1700
Columbia Gulf onshore -- -0.1300 to -0.1150
Florida Gas Zone 2 -- --
Henry Hub -- --
Southern Natural -- -0.0600 to -0.0525
Tennessee Line 500 -- -0.0575 to -0.0550
Tennessee Line 800 -- -0.1150 to -0.0975
Texas Eastern E. LA -- -0.1900 to -0.1100
Texas Eastern W. LA 2.960 to 2.960 -0.1100 to -0.0750
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0750 to -0.0500
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- --
Texas Eastern M-1, 30 -- -0.1100 to -0.1100
Transco Zone 4 -- -0.0625 to -0.0425
Transco Zone 5 -- 0.0150 to 0.0300
Transco Zone 5 North -- --
Transco Zone 5 South -- 0.0150 to 0.0300
Appalachia
Columbia Gas -- -0.3500 to -0.2650
Dominion North -- -0.6000 to -0.6000
Dominion South -- -0.7150 to -0.4500
Leidy Hub -- --
Millennium East Pool -- -0.7400 to -0.5600
Tenn Zone 4 200L -- -0.2300 to -0.1950
Tennessee Zn 4 313 Pool -- -0.2800 to -0.2800
Tennessee Zn 4 Marcellus -- -0.7800 to -0.6100
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.7400 to -0.5100
Texas Eastern M-3, Delivery -- -0.6000 to -0.3600
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.6500 to -0.4400
Northeast
Algonquin Citygate -- 0.3500 to 0.4700
Algonquin Citygate (non-G) -- 0.3500 to 0.4700
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.0750 to 0.1700
Iroquois, Waddington -- 0.0400 to 0.1100
Niagara -- -0.1600 to -0.1300
Tenn Zone 5 200L -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 0.4000 to 0.4200
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- -0.4300 to -0.3000
Transco Zone 6 non-NY North -- -0.4300 to -0.3000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- -0.3800 to -0.3500
Rocky Mountains
Cheyenne Hub 2.150 to 2.150 --
CIG 2.065 to 2.080 --
CIG DJ Basin 1.500 to 1.500 --
El Paso Bondad -- --
El Paso non-Bondad 1.860 to 1.970 --
Kern River 2.280 to 2.350 --
Kingsgate 2.050 to 2.050 --
Northwest S. of Green River 2.200 to 2.200 --
Northwest Sumas 2.000 to 2.315 --
Northwest Wyoming Pool 2.200 to 2.270 --
Opal 2.270 to 2.355 --
Questar -- --
Stanfield -- --
Transwestern San Juan 1.900 to 2.000 --
White River Hub 2.150 to 2.150 --
Arizona/Nevada
El Paso S. Mainline/N. Baja -- --
Kern Delivery 2.600 to 2.750 --
California
Malin 2.250 to 2.420 --
PG&E Citygate 3.250 to 3.305 --
SoCal Citygate 3.500 to 3.980 --
Southern Border, PG&E 2.000 to 2.180 --
Southern Border, SoCal 2.200 to 2.730 --
SoCal Border Avg. 2.200 to 2.730 --
Canada
Empress 3.055 to 3.055 --
NOVA/AECO C 1.260 to 1.690 --
Westcoast Station 2 1.420 to 1.680 --
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 5 years, contact sales at info@natgasintel.com.