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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.
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Natural gas burning on a gas stove Burning of natural gas coming out of the ground. Natural gas (also called fossil gas, methane gas, or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane (95%) [1] in addition to various smaller amounts of other higher alkanes.
3:05 p.m. ET: Natural gas for February sees record-setting spike Gas for February delivery spiked 72% suddenly in afternoon trading, reflecting the biggest jump on record, according to Bloomberg.
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Enron Corporation was an American energy, commodities, and services company based in Houston, Texas.It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.
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