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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.
The transportation capacity is 1.8 billion ft 3 /d (bcf) (590 m 3 /s) (20.4 GW). [2] Spot and future natural gas prices set at Henry Hub are denominated in US$ per millions of British thermal units and are generally seen to be the primary price set for the North
File:Henry hub NG prices.svg. ... Dollars per cubic meter natural gas at Henry hub X-axis: year Data from the New Mexico Institute of Mining and Technology. Prices ...
Natural gas has been on the tip of every energy investor's tongue for the past year. With prices heading higher, here are three trends you need to watch in 2014. 1. Natural gas for ...
Natural gas prices were trading below $2 per million British thermal units for much of February, March, and April given milder-than-expected weather. The commodity was down roughly 20% year to ...
Bentek Energy, the oil and analytics group of McGraw-Hill Financial's Platts unit, has just released its 10-year outlook for the Utica shale. It's a whopper of unparalleled data and analysis, and ...
Btu per hour (Btu/h) is sometimes used in North America and the United Kingdom - the latter for air conditioning mainly, though "Btu/h" is sometimes abbreviated to just "Btu". [18] MBH—thousands of Btu per hour—is also common. [19] 1 W is approximately 3.412142 Btu/h [20] 1,000 Btu/h is approximately 0.2931 kW; 1 hp is approximately 2,544 Btu/h
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.