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Henry Hub Gas Price Assessment: Natural Gas Price Assessments

What is Henry Hub?

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.

The interstate and intrastate pipelines that come together at the interconnect include: Gulf South Pipeline, Southern Natural Gas, Natural Gas Pipeline Co. of America, Texas Gas Transmission, Sabine Pipe Line, Columbia Gulf Transmission, Transcontinental Gas Pipe Line, Trunkline Gas, Jefferson Island Pipeline and Acadian Gas. With the operational flexibility that comes from two compressor stations, Sabine currently possesses the ability to transport 1.8 Bcf/d across the hub.

In addition to being a very liquid spot trading point, Henry Hub is also the standard delivery point for the NYMEX natural gas futures contract in the US. The contract began trading in April 1990 and is traded 18 months into the future and is used as a primary financial hedging tool in the marketplace.

Platts Henry Hub assessments are available in these Platts services.

How do we assess Henry Hub daily and monthly spot gas?

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Traded gas packages, including at the Henry Hub, are for pipeline-quality dry gas. Prices are reported in US dollars per million Btu (MMBtu), and volumes stated as MMBtu/day.

The daily midpoint, or Gas Daily average, is the volume-weighted average of all the transactions reported to Platts that are used to calculate the index for Henry Hub. All transactions are done by 11:30 a.m. CT, a deadline established by the North American Energy Standards Board, to flow the next business day.

The Platts monthly bidweek index is a single benchmark price designed to represent a central or average value for dealmaking during the bidweek period. To derive the index, Platts editors use volume-weighted averages as the foundation. At pricing points with robust dealmaking and a generally normal distribution curve, the index is the simple volume-weighted average. This applies to the large majority of bidweek indexes.

Reports for the monthly price survey should be sent by 6:00 pm EPT on each of the first four days of bidweek and by 2:00 pm EPT on the final day of bidweek.

Natural Gas Henry Hub Price Assessment Methodology


NEWS AND ANALYSIS


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The winter approaches, more heating demand — and more natural gas demand — is expected to shape American markets, as Bob Yu demonstrates in an analysis of the fundamentals.

How do you access the daily Henry Hub gas price?

The Henry Hub natural gas market price assessment can be accessed in the following Platts services.

Market Price Data – Natural Gas

  • Access the latest, most accurate Natural Gas price data. This service provides you with our end-of-day assessments, corrections, third-party data, and a rolling 45-day historical database
  • The most efficient and reliable way to receive our industry-standard benchmark assessments data
  • Complete and custom historical data sets are also available

Natural Gas Alert

  • Get a complete picture of the global natural gas market delivered in real time
  • Platts' spot and forwards market assessments
  • Detailed market commentary, news and fundamental market data

Gas Daily

  • Platts Gas Daily provides detailed coverage of natural gas spot prices at interstate pipeline and pooling points in the major US markets
  • News and market commentary to understand legislation and regulatory environment as well as market movements and trends
  • Platts Gas Daily also contains a daily analytical supplement from Bentek Energy and a weekly special feature



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