El Paso S. Mainline/N. Baja Daily Natural Gas Price Snapshot
Location
El Paso S. Mainline/N. Baja
Pointcode
ARNBAJAN
Region
Arizona/Nevada
Avg. Price
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D/D Change
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Range
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Volume
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Deals
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Includes deliveries into the mainline portion of El Paso Natural Gas Co. LLC’s South system, which begins with the terminus of the “Permian Virtual Area” at the Cornudas Compressor Station in West Texas up to, but not including, Ehrenberg, AZ, at the California border. Deliveries from North Baja Pipeline LLC in Southwest Arizona are included, as are gas flows from the Havasu and Maricopa crossovers.
October Nymex natural gas futures settled higher Thursday on some bullish implications from the latest storage data and potential lingering strong demand on the possibility that hot weather may continue through September.
Natural gas forwards slipped at the front of the curve for most locations alongside trimmed demand expectations for September, while hubs in Canada posted gains ahead of the nation’s first LNG export terminal.
In its debut run at the front of the Nymex natural gas futures curve, the October contract mustered momentum after a government inventory report met expectations and proved bullish relative to historical norms.
Natural gas futures reversed early steeper losses but held the downside following the latest storage data, which outlined a largely expected injection for the week ended Aug. 23.