Are NYMEX and Henry Hub the same?
Are NYMEX and Henry Hub the same?
The NYMEX has been using Henry Hub, owned by Sabine Pipeline Company, as the delivery point on its contracts since 1990. Through the use of a pricing differential, NYMEX traders use Henry Hub to arrive at a settlement price for natural gas each month.
What is Henry Hub price today?
Natural Gas (Henry Hub)Commodity
| Name | Price | Unit |
|---|---|---|
| Natural Gas (Henry Hub) | 9.01 | USD per MMBtu |
| Ethanol | 2.16 | USD per Gallon |
| Heating Oil | 117.03 | USD per 100 Liter |
| Coal | 323.50 | USD per Ton |
Where is Henry Hub?
Erath, Louisiana
The Henry Hub is perhaps the best-known of all natural gas trading points in North America. Located near Erath, Louisiana, the pipeline interchange moves gas from across the US Gulf Coast through a header system operated by Sabine Pipe Line, a subsidiary of Chevron Corporation.
Who owns Henry Hub?
Sabine Pipe Line LLC
Henry Hub is owned and operated by Sabine Pipe Line LLC and its affiliates.
Why is natural gas called Henry Hub?
History. The “Henry” hub is so named for its location in the Henry hamlet of Erath, which was named after the Henry High School that stood there until damaged by the flooding and storm surge from Hurricanes Ike and Rita, though the natural gas facilities suffered minimal damage.
Why is it called Henry Hub?
Why is Henry Hub so important?
Henry Hub, by contrast, remains a constant. With its strategic location and interconnectedness to U.S. markets, it is a reliable indicator of natural gas supply and demand. And as the delivery point for Henry Hub futures, it is the critical location providing price discovery for an increasingly important energy source.
What is natural gas hub?
WHAT IS A GAS HUB? Natural gas hubs tend to be at the heart of gas infrastructure networks such as pipelines and liquefied natural gas (LNG) terminals. The hub is used as a central pricing point for the network’s natural gas.
What is a natural gas hub?
Natural gas hubs tend to be at the heart of gas infrastructure networks such as pipelines and liquefied natural gas (LNG) terminals. The hub is used as a central pricing point for the network’s natural gas. In some cases, a financial derivative contract is priced off gas delivered at this point as well.
