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Natural gas prices at the Waha Hub in West Texas have been negative a record number of ... the benchmark price for U.S. natural gas, which is set at the Henry Hub in Louisiana, has not tumbled ...
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]
This has led to discussions in Asian oil-linked gas markets to import gas based on the Henry Hub index, [6] which was, until very recently [when?], the most widely used reference for US natural gas prices. [7] Depending on the marketplace, the price of natural gas is often expressed in currency units per volume or currency units per energy content.
Average monthly gas prices are down $1.91 per gallon from their peak in June 2022, according to the newest LendingTree analysis. But average daily gas prices are up by 0.7% year over year as of ...
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 ...
Trunkline Pipeline is a natural gas pipeline system which brings gas from the Gulf coast of Texas and Louisiana through Mississippi, Arkansas, Tennessee, and Kentucky to deliver gas in Illinois and Indiana. It connects to the Henry Hub, Egan Hub, and Perryville Hub. The total length of the system is 3,059 miles (4,923 km) and its capacity is 1. ...
In 2014, senior gas analyst at the Institute of Energy Economics, Hiroshi Hashimoto, stated “the aim is to link 100% to Henry Hub prices, rather than JCC as has been the custom globally”. [29] In addition to the cheaper prices that a gas-based index would offer, the shift would also remove the current time lag between crude oil and LNG prices.
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. Is this right or wrong? Sabine does connect with henry, so this is correct.