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Budding Natural Gas Forward Curve Weakness Reflects Spring Weather, Storage Build Expectations

Natural Gas Intelligence · last updated

Natural gas forward prices fell during the March 6-12 trading week as spring weather gripped most of the country, sapping demand and potentially ending the storage withdrawal season ahead of its traditional conclusion.

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Fixed prices for April were 42.8 cents down on average during the review period, NGI’s Forward Look data show.

Leading decliners included Tennessee Zone 0 South, as the South Texas hub shed 63.8 cents week/week to $4.087. Algonquin Citygate in New England at $3.522 also shed 63.8 cents on the week. Following close behind with losses upwards of 50.0 cents were two Appalachia region hubs, Columbia Gas at $3.508 and Tennessee Zn 4 Marcellus at $3.577. Transco Zone 6 NY fell 50.4 cents to $3.477.