Henry Hub Natural Gas Spot Price

What is the Henry Hub natural gas spot price?

The current spot price of natural gas is the price at which natural gas can be bought or sold. It is the wholesale price that is quoted if you wanted to buy natural gas today. The price is quoted per million BTUs of energy. The defacto standard is the Henry Hub spot & futures price; current spot price shown on the right.

What is the denomination quoted in the Henry Hob spot price?

Spot and future prices set at Henry Hub are denominated in $/mmbtu (US dollars per millions of British thermal units) and are generally seen to be the primary price set for the North American natural gas market. North American unregulated wellhead and burnertip natural gas prices are closely correlated to those set at Henry Hub.

What is the difference between the Henry Hub price and another hub?

The difference between the Henry Hub price and another hub is called the "location differential". In addition to market hubs, other major pricing locations include 'citygates'. Citygates are the locations at which distribution companies receive gas from a pipeline. Citygates at major metropolitan centers can offer another point at which natural gas is priced. New York City Gate is one such gate and is commonly used for pricing natural gas in the northeastern US.

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