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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.
Physical short-term gas and gas futures contracts are also traded and handled by the ICE-Endex Exchange (Amsterdam [2]) and via the PEGAS exchange. Gas at TTF trades in euros per megawatt hour . In the two decades since its inception trades at the TTF have grown exponentially and exceeded domestic volumes in the Netherlands fourteen-fold.
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 ...
If you believe that the Natural Gas Act 2011 will change the face of energy consumption in one of our nation's largest industries, you must read The Motley Fool's special free report: "1 Stock to ...
By 2003, Hunter was promoted to head of the bank's natural gas desk. [1] In December 2003 Hunter's trading group lost $400 million in a single week in an excessively risky trade. [ 2 ] In a New York state court lawsuit, Hunter ascribed the loss to "an unprecedented and unforeseeable run-up in gas prices," meaning Hunter's failure to foresee the ...
[1] [2] On July 1, 2014, the index was rebranded under its current name. [3] [4] The BCOM tracks prices of futures contracts on physical commodities on the commodity markets. The index is designed to minimize concentration in any one commodity or sector. It currently has 23 commodity futures in six sectors.
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Between December 15 and December 23 natural gas prices fell €49 to €85 due to a combination of high LNG imports, high levels of storage and lower demand in Europe. [citation needed] At 28 December, the EU storage capacity was at 83.2% and the price of January delivery gas had fallen to €76.18pmh. [28]