Citygate

Physical natural gas prices for Tuesday delivery overall fell a penny on average Monday as most points fluctuated within a few cents of unchanged. Modest strength in the Midcontinent and double-digit gains at certain Marcellus points were unable to offset broad weakness elsewhere. At the close of trading October futures had retreated 8.5 cents to $3.602 and November was off 8.6 cents to $3.677. November crude oil dropped $1.16 to $103.59/bbl.

GDF Suez Gas NA is accepting through the end of 2013 nonbinding bids for liquefied natural gas (LNG) supply from its proposed advanceLNG Project, “an initiative to provide attractively priced LNG to a wide array of customers in the U.S. Northeast,” the company said Monday.

What would you call a lot of natural gas, ready at a moment’s notice? Some might call it a storage facility. Others might call it the Marcellus Shale.

Effective Saturday (April 9) until further notice, Nicor Gas implemented pipeline caps for deliveries to its citygate. The OFO Cap Day “is necessary due to forecasted unseasonably warm weather over the weekend period resulting in reduced system demand,” the northern Illinois LDC said. It also halted Nicor Hub interruptible storage injection services until further notice but said withdrawals will continue to be accepted. See the bulletin board for further details.

Despite lows still due to be around freezing or a little lower on Christmas Eve, Northeast citygate numbers tanked — often by $2-plus — Wednesday. But most of the cash market was up or down less than a dime from flat as The Weather Channel (TWC) said a potential blizzard in much of the central U.S. will make holiday travel “very dangerous or impossible over portions of the region.”

Canada’s Natural Gas Exchange (NGX) on June 8 launched four new major clearing points in the U.S. at the SoCal Citygate, NNG Ventura, ANR SE pool, and Tennessee 800L, along with three additional smaller points in Canada.

Canada’s Natural Gas Exchange (NGX) on June 8 launched four new major clearing points in the U.S. at the SoCal Citygate, NNG Ventura, ANR SE pool, and Tennessee 800L, along with three additional smaller points in Canada.

Northeastern citygate spikes in anticipation of much colder regional weather early this week belied an overall market that continued to soften in most cases Friday. However, Thursday’s 4.8-cent uptick by April futures and forecasts of sub-freezing temperatures Sunday in the Midwest added several rising points in the Gulf Coast and Midwest to the Northeast gains Friday, in contrast to losses at nearly all points a day earlier.

A few Gulf Coast points joined the Florida citygate and most of the Northeast/Mid-Atlantic citygates in sustaining Tuesday’s overall price advance through Wednesday, but most of the market dropped in response to some warming trends either already under way or in the forecast, and to relaxation or elimination of some cold weather-related pipeline restrictions.