Trade Resources Industry Views Inside FERC December US Natural Gas Average Rises 20 Cents to $2.26/Mmbtu

Inside FERC December US Natural Gas Average Rises 20 Cents to $2.26/Mmbtu

Tags: Natural Gas

The December bidweek national average price increased 20 cents to average $2.26/MMBtu as market focus turned to the colder months, Inside FERC's Gas Market Report said Tuesday.

The December bidweek price at the benchmark Henry Hub in Louisiana rose 18 cents to $2.21/MMBtu.

That came as the NYMEX December gas futures contract settled at $2.206/MMBtu, up from the November contract's close of $2.033/MMBtu.

In New England, Algonquin Gas Transmission city-gates rose 33 cents, or about 7%, to sit at $5.22/MMBtu, while Tennessee Gas Pipeline Zone 6 moved up 38 cents to $5.05/MMBtu.

Transcontinental Gas Pipe Line Zone 6 New York jumped 79 cents to $3.02/MMBtu for December, while Texas Eastern Transmission zone M-3 rose 60 cents, or 42%, to $2.04/MMBtu.

Dominion, Appalachia was 26 cents higher at $1.50/MMBtu. Tennessee zone 4-300 leg was up 36 cents to average $1.26/MMBtu.

Upper Midwest prices saw small increases in the December survey.

The Chicago city-gates price rose 5 cents to $2.39/MMBtu. The Michigan Consolidated Gas city-gate increased the same amount to $2.40/MMBtu.

Rockies Express, Zone 3 delivered saw a more dramatic increase, moving up 22 cents to a $2.27/MMBtu average.

In Texas, Houston Ship Channel advanced 13 cents to $2.19/MMBtu.

To the west, the Southern California Gas index was up 22 cents, or 10%, to $2.42/MMBtu, but the Pacific Gas and Electric city-gate was at $2.64/MMBtu after a 4-cent decrease.

Northwest Pipeline Rocky Mountains rose 18 cents to average $2.22/MMBtu for December, while Northwest at the Canadian border advanced 36 cents to $2.47/MMBtu.

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Topics: Metallurgy