What is the current spot price for natural gas?
What is the current spot price for natural gas?
Henry Hub Natural Gas Spot Price is at a current level of 9.28, up from 9.08 the previous market day and up from 2.98 one year ago. This is a change of 2.20% from the previous market day and 211.4% from one year ago.
What is the cost of 1 MMBtu natural gas?
Natural Gas Prices In US Dollar
| Natural Gas | US Dollar | US Dollar |
|---|---|---|
| 1 Million Btu | 9.344 USD | 1 USD |
| 2 Million Btu | 18.688 USD | 2 USD |
| 5 Million Btu | 46.72 USD | 5 USD |
| 10 Million Btu | 93.44 USD | 10 USD |
What is Henry Hub pricing?
Henry Hub is an important market clearing pricing concept because it is based on the actual supply and demand of natural gas as a stand-alone commodity. Other natural gas markets like Europe have fragmented hub pricing points.
What is MMBtu natural gas?
MMBtu – One million British Thermal Units – standard unit of measurement for natural gas financial contracts (also equal to 1 dekatherm). MMcf – Million cubic feet – standard unit of measurement for natural gas supply/demand – 1,000,000 MMBtu = 1 MMcf.
How many Btu are in a MMBtu?
Million BTU to British Thermal Unit Conversion Table
| Million BTU | British Thermal Units |
|---|---|
| 0.001 MMBTU | 1,000 BTU |
| 0.01 MMBTU | 10,000 BTU |
| 0.1 MMBTU | 100,000 BTU |
| 1 MMBTU | 1,000,000 BTU |
Why is it called a spot price?
A commodity’s spot price is the current cost of that particular commodity, for current purchase, payment, and delivery. In commodity spot contracts, payment is required immediately, as is delivery. The deal is done “on the spot”—hence, the name “spot price.”
