Algonquin

Physical natural gas trading on Tuesday for Wednesday delivery at most market points was characterized for the most part by modest moves of a few pennies in either direction. Notable exceptions were the Northeast, with $2+ moves, and southern California, with double-digit swings.

A looming FERC decision on a proposed tariff revision for Algonquin Gas Transmission LLC’s system could reshape winter natural gas and electric pricing in New England and determine the fate of the Access Northeast expansion project.

Midstream players in New England all agree that the region’s recent winter price spikes are an issue, but they don’t all agree that new pipeline buildout is the most effective way to solve the peak demand riddle.

Physical natural gas for Tuesday delivery bounded higher Monday as traders noted a double-digit differential between the screen and Henry Hub quotes. Gains in California and the Rockies helped lift more sluggish points in the Midwest. The NGI National Spot Gas Average rose 15 cents to $1.88.

Physical natural gas for Tuesday delivery bounded higher Monday as traders noted a double-digit differential between the screen and Henry Hub quotes. Gains in California and the Rockies helped lift more sluggish points in the Midwest. The NGI National Spot Gas Average rose 15 cents to $1.88.

Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.

Natural gas prices along the AECO forward curve — which already are showing signs of weakness further out the curve — could see near-month packages fall substantially in the coming weeks. Storage inventories are nearing maximum capacity only one month into the traditional injection season, and demand is proving lackluster in high-density population centers that the region typically relies upon to take gas.

Natural gas for delivery Wednesday gave ground in mixed trading Tuesday as gains in California, the Rockies and Midcontinent were unable to offset slumping Northeast and Gulf Coast quotes.

FERC said it will not order a halt to construction of the Algonquin Incremental Market (AIM) pipeline project while four regulatory agencies in New York state investigate a troubled nuclear power plant adjacent to the pipeline’s route.