Eastern Gas South Bidweek Natural Gas Price Snapshot
Location
Eastern Gas South
Pointcode
NEACNG
Region
Appalachia
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 all deliveries into the portion of Eastern Gas Transmission and Storage that lies upstream of the Valley Gate Junction in Armstrong County, PA. This includes the Pennsylvania portion of the system that lies south of Valley Gate Junction, along with the segments in Maryland, Ohio, Virginia and West Virginia. NOTE (1): NGI changed the name of this index to Eastern Gas South from Dominion South in June 2021, following the sale of this asset by Dominion to Berkshire Hathaway. NOTE (2): NGI split its prior Dominion index into separate Dominion North Point and South Point indexes in April 2014. Prior to that, NGI’s Dominion index was a combination of North and South point transactions. NGI did not see a meaningful volume of reported transactions at Dominion North until late 2013, so for historical comparison purposes, NGI’s old Dominion index aligns most closely with the current Eastern Gas South index.
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.
