Natural Gas Futures - Jun 13 (NGM3)

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From Platts Energy Trader Daily May 18, 2013 --- Western spot natural gas prices dropped Friday on Thursday's weaker NYMEX and continuing below-normal demand in the Northwest. Even with Denver's high temperature forecast to drop to several degrees below normal in the 60s on Sunday and Monday, Platts unit Bentek Energy projected demand rising only to between 1.3 Bcf/d and 1.4 Bcf/d for those days, below the normal levels of 1.6 Bcf/d. Colorado Interstate GasMainline fell 14 cents to average in the high $3.60s/MMBtu on IntercontinentalExchange, while Cheyenne Hub stumbled 13 cents to average in the low $3.70s/MMBtu. Opal came down 14 cents to average just below $3.70/MMBtu on ICE, widening its discount to the Pacific Gas and Electric citygate to 30 cents Friday, 10 cents above the variable cost. Gas Transmission Northwest's Kingsgate point dropped 12 cents to average in the mid-$3.60s/MMBtu, while GTN's Stanfield point fell 10 cents to average around $3.70/MMBtu. Southwest points slid amid operational flow orders declared on the Pacific Gas and Electric and SoCal Gas systems for Saturday's gas day due to mild demand. The PG&E OFO had a tolerance level of 5%, while SoCal Gas ordered customers to keep deliveries into the system within 110% of expected usage. That came as Los Angeles was forecast to have high temperatures just below normal in the low 70s on Saturday and Sunday, before rising to 80 Monday. SoCal Gas' city-gate fell 15 cents to average in the low $4.00s/MMBtu on ICE, dropping to about a 1-cent premium over the PG&E city-gate from a 4-cent premium Thursday. PG&E averaged right at $4/MMBtu after slipping 12 cents.

From Platts Energy Trader Daily May 18, 2013 --- NYMEX declines take toll on spot prices Spot natural gas prices fell across the Upper Midwest and Midcontinent Friday. Cash prices at the Chicago city-gates fell about 15 cents to average in the mid-$3.90s/MMBtu on IntercontinentalExchange. The weather in Chicago is forecast to warm up to 80 degrees F by Sunday, 10 degrees above seasonal norms. Near the producing regions, cash prices at Northern Natural Gas' demarcation point along with both Northern Border Pipeline and Northern Natural's points in Ventura, Iowa, averaged in the low $3.80s/MMBtu after shedding nearly 15 cents on ICE. Temperatures in Minneapolis are forecast to be more than 10 degrees above seasonal norms Saturday, with highs expected at about 82. The cash price at Panhandle Eastern Pipe Line dropped 10 cents to hold a region-low price in the mid-$3.60s/MMBtu on ICE. Natural Gas Pipeline Co. of America has issued a force majeure on its AG Line affecting several segments in Oklahoma and Texas starting Tuesday and lasting until further notice. Natural's Midcontinent and Texok zones and fell about 12 cents each to average in the high $3.70s/MMBtu and mid-$3.80s/MMBtu, respectively. ANR Pipeline-Oklahoma and Southern Star Central Gas Pipeline averaged in the high $3.70s/MMBtu after losing about 7 cents each on the electronic exchange. Spot prices at Carthage Hub and CenterPoint Energy Gas Transmission East zone slid around 10 cents to average in the high $3.80s/MMBtu and high $3.70s/MMBtu, respectively. Temperatures in Oklahoma City are forecast to be in the low 90s Saturday, 10 degrees above seasonal norms.