Algonquin Citygate Bidweek Natural Gas Price Snapshot
Location
Algonquin Citygate
Pointcode
NEAALGCG
Region
Northeast
Avg. Price
x.xxx
D/D Change
x.xxx
Range
x.xxx
Volume
x.xxx
Deals
x.xxx
Want Historical Data? Check out NGI's Historical Data Download Tool. NGI offers Daily, Weekly, Bidweek, Forwards, Mexico, and MidDay Price History Data at over 200 hubs/locations back as far as 1988.
Includes transactions to delivery points within the Algonquin Gas Transmission LLC system. Excludes gas deliveries into Algonquin from connecting pipelines, as that is a separate index. NGI's Algonquin Citygate index incorporates the separate Algonquin Citygate and Algonquin Citygate (non-G) locations that are traded on the Intercontinental Exchange.
Unable to gain traction, September Nymex natural gas futures saw early Wednesday gains ebbed away in favor of modest losses as tides were turning on fundamentals with lingering weather support expected to drift away into the fall shoulder season.
Natural gas futures seesawed in a narrow range of gains and losses for a second straight session on Wednesday. The prompt month hovered in the red by early afternoon trading as market participants weighed expectations for strong late-August cooling needs and bullish supply trends against expectations for retreating demand in the fall.
Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.
Natural gas futures traded in a narrow band early Wednesday as traders contemplated favorable late-summer fundamentals alongside the specter of fall weather and the inevitable swoon in cooling demand that it delivers.
September Nymex natural gas futures’ early attempt to extend a rally into Tuesday’s session failed amid expectations for demand weakness as weather outlooks pointed to increasingly mild conditions across major natural gas-consuming regions.
