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Includes transactions for gas delivered within Kern River Gas Transmission Co.’s Fuel Zone #11 (Las Vegas Area) and Zones #12 & #13 (California). These zones lie downstream of the Dry Lake Compressor Station that is just outside of Las Vegas. However, NGI’s index does not incorporate transactions at Daggett, Kramer Junction or Wheeler Ridge, as those are included in the various Southern California Border indexes.
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.