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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.
NYMEX began offering standardized natural gas contracts with delivery at the Henry Hub in April 1990. In 2011, the Henry Hub was the site of a land dispute, in which Sabine sued to condemn land near the site of their hub, and expropriate it from the Broussard family, who had owned it for generations, arguing that it was acting in the national ...
Date/Time Thumbnail Dimensions User Comment; current: 00:55, 17 October 2012: 517 × 391 (120 KB): Theanphibian: Updated with EIA data to cover much of 2012: 03:33, 4 June 2009
To be sure, the benchmark price for U.S. natural gas, which is set at the Henry Hub in Louisiana, has not tumbled into negative territory. And in Europe, ...
English: Monthly Henry Hub natural gas average prices at NYMEX. 1999 - 2009 (by 8th of Jan.2009) Created with SVGFig for Python programming language, and Inkscape.
A natural gas glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year.At West Texas's key trading spot, the Waha Hub, prices have been negative ...
For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, [2] and gold may have a delivery point of New York or London. Futures contracts that differ only in the delivery point will typically have slightly different prices, reflecting localized supply and demand and transportation costs.
I assume that the Henry Hub is the natural gas delivery/receive point in Louisiana for future contracts negotiated on the NYMEX. From this point gas can be shipped via the Sabine network to various other locations at a transport cost determined by the Sabine Pipeline Co.