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Monthly average natural gas prices, showing the location of the Henry Hub. The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [1]
The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
Louisiana's Henry Hub is considered the US benchmark since it's the largest trading point for natural gas in the country. Part of the bullishness stems from electricity demands related to ...
The most commonly quoted producer price for natural gas is the Louisiana-based Henry Hub price, which is futures-traded on NYMEX. A barrel of oil releases about 5.8 million BTU when burned, so that 5.8 MCF of gas (at the standard one thousand BTU per cubic foot) releases about the same energy as a barrel of oil.
Since Sept. 10, the price of natural gas at the Henry Hub distribution center in Louisiana has climbed 20% from its close of $2.66 a month ago. Following this rapid rise, coal companies have seen ...
Natural gas prices at the Waha Hub in West Texas have been negative a record number of times so far this ... the benchmark price for U.S. natural gas, which is set at the Henry Hub in Louisiana ...
Europe TTF natural gas prices United States Henry Hub natural gas prices The National Balancing Point , commonly referred to as the NBP , is a virtual trading location for the sale and purchase and exchange of natural gas in the United Kingdom. [ 1 ]
Natural gas bulls scored major points last week when the Department of Energy approved a second LNG plant for exports to countries not in a free trade agreement with the U.S. But beyond the ...
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