Header top ad placement

Daily Prices

9/25/24

Natural Gas Forward Prices for Winter Dip in West as Storage Surplus Holds Up

By Chris Newman

on
Published in: Forward Look Filed under:

Natural gas forward prices strengthened at the front of the curve over the Sept. 5-11 trading period as traders baked in crisp autumn air taking hold in the Northeast and a massive new pipeline relieving trapped supply in the Permian Basin.

California Regional natural gas price curve

October fixed prices at Henry Hub gained 1.5 cents to finish at $2.273/MMBtu, NGI’s Forward Look data show. Three-fourths of hubs across North America registered gains for October, with all locations netting an average gain of 2.1 cents over the trading period.

The firmer footing for October contrasted with declines for the winter strip (November-March). Across locations, winter prices slipped by an average 7.4 cents. For Henry Hub, its winter prices shed 1.6 cents to $3.304. Summer 2025 prices edged 1.2 cents lower to $3.047.

Related Tags

Chris Newman photo

Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.