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Northeast Prices Tumble, Rockies Firm in Mixed Natural Gas Forward Market

Natural Gas Intelligence · last updated

U.S. natural gas forward prices dipped again over the past week as markets continued to recover from January’s bitter cold, but modest strengthening in basis prices indicate traders haven’t ruled out risks of regional volatility.

Line chart of NGI California regional forward basis curves for Malin, PG&E Citygate, SoCal Border Avg. and SoCal Citygate from Feb 2026 to Mar 2028 in $/MMBtu.

At A Glance:

  • Prompt month prices fall 26.7 cents
  • Northeast thaw pressures Algonquin Citygate
  • Rockies basis firms amid constraints

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