Regardless of price volatility in the natural gas markets, the trading community needs the best information possible – even when prices are flat, markets are changing. Daily trading at many western hubs was down last year compared to 2015. Renewable power generation on the west coast is taking a bite out of gas demand.
Some locations become less active, others more. Despite low prices, the White River and Cheyenne hubs are still hanging on. While trading volumes at Gulf Coast storage hubs Katy and Pine Prairie grew.
And trading volume advanced rapidly in the gas-starved southeast as pipelines expand and utilities shift from coal.
The westbound expansion on Rockies Express allows buyers in the Great Lakes access to Marcellus and Utica shale gas, something that would have been unimaginable a decade ago. Spreads are narrowing in Chicago and Michigan markets.
Northeast buyers sitting atop Marcellus or Utica don’t need to engage in daily trading – they’re sitting on isolated, available gas supply, at least for now.
The gas market constantly changing, even when gas prices are flat. That’s why you need Argus Natural Gas Americas, to help you understand the markets. The service helps you know what to pay for gas, how much is available, when and where.
In this daily market service, you’ll learn where gas is constrained from moving in the East, West and in between.