Eastern Gas South Bidweek Natural Gas Price Snapshot
Location
Eastern Gas South
Pointcode
NEACNG
Region
Appalachia
Avg. Price
x.xxx
D/D Change
x.xxx
Range
x.xxx
Volume
x.xxx
Deals
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Includes all deliveries into the portion of Eastern Gas Transmission and Storage that lies upstream of the Valley Gate Junction in Armstrong County, PA. This includes the Pennsylvania portion of the system that lies south of Valley Gate Junction, along with the segments in Maryland, Ohio, Virginia and West Virginia. NOTE (1): NGI changed the name of this index to Eastern Gas South from Dominion South in June 2021, following the sale of this asset by Dominion to Berkshire Hathaway. NOTE (2): NGI split its prior Dominion index into separate Dominion North Point and South Point indexes in April 2014. Prior to that, NGI’s Dominion index was a combination of North and South point transactions. NGI did not see a meaningful volume of reported transactions at Dominion North until late 2013, so for historical comparison purposes, NGI’s old Dominion index aligns most closely with the current Eastern Gas South index.
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.