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As anticipated, average price for December came in at $4.34/GJ with 416 TJ sold for the month. Average price for December is $4.30/GJ with forecast quantities of 360 TJ.
Gas scheduled in December is more reflective of prior months with quantity scheduled at 360 TJ and average price at $4.30 ranging up to $4.65 and with the lowest price at $4.10.
With all production facilities returning to normal operation, the market has trended back to recent pricing paradigms with the forecast Average Price for November likely to be $4.33/GJ. Average Price in October was $4.93/GJ which was close to forecast. The Volume was 367TJ.
Maintenance during September drew additional buyers to the market and drove the Back-Up price to $5.05/GJ in September where 332 TJs were sold. Some very strong bidding for October cleared the market at $4.76/GJ and caused all other supply sensitive buyers to the Back-Up price of $5.05/GJ and a forecast quantity of 520 TJs.