Natural gas forwards gained during the Jan. 30-Feb. 5 period as the market wrestled with uncertainty driven by supply- and demand-side risks.
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Fixed prices for March gained 22.7 cents to average $3.190/MMBtu, NGI’s Forward Look data show. A pronounced uptick was noted in the Northeast, while most regions saw gains ranging from the teens to the upper 20 cents.
March fixed prices at Algonquin Citygate advanced $1.143 week/week to $6.177, leading the Northeast charge higher. Tenn Zone 6 200L gained $1.142 to $6.260 and Iroquois Zone 2 added $1.026 to $2.916.