Natural Gas Forward Prices Slide; Canadian Basis Discounts Narrow Ahead of LNG Canada Startup

By Chris Newman

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Published in: Forward Look Filed under:

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.

Tennessee Zone 4 NGI Natural Gas Price

September fixed prices for the benchmark Henry Hub finished down 12.3 cents during the Aug. 22-28 trading period at $1.933/MMBtu, according to NGI’s Forward Look. That was in line with an overall trend lower with September fixed price forwards down by an average 9.8 cents.

In fixed price trade, the biggest declines were in California, the East and in West Texas. On the other end of the spectrum, a handful of hubs in Appalachia and Northeast joined Canadian forwards moving higher for September.

Chris Newman

Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.