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Introduction
Published in Nwanosike-Warren Quinta, Oil and Gas Engineering for Non-Engineers, 2022
The North American natural gas benchmark is Henry Hub. It is named after a pipeline interchange located in Louisiana which moves gas from across the Gulf Coast. Other natural gas benchmarks include National Balancing Point (NBP) in the United Kingdom and Title Transfer Facility (TTF) in the Netherlands.
Fossil Energy Markets
Published in Anco S. Blazev, Global Energy Market Trends, 2021
The key hub used by the U.S. natural gas market as a whole is the Henry Hub, in Louisiana. Prices at other locations are frequently shown as “Henry Hub” plus or minus some amount. These regional differences in supply and demand result in different prices for natural gas at various locations.
The impact of the North American shale gas technology on the US’ energy security: the case of natural gas
Published in International Journal of Sustainable Energy, 2022
Masoud Shirazi, Abdolrasoul Ghasemi, Jurica Šimurina
Also, the following areas of interest in the future studies are expected to be valuable for the US’ and world’s energy security improvement: Study the environmental concerns, e.g. methane emissions and marine pollution, of the shale gas technologyFocus on the North-Western Europe as a potential natural gas market may enhance the US’ energy security since domestic productions’ rapid decline and increase in import requirements are accompanied with growing natural gas demand fluctuations of the regionThe development in co-operation between henry hub and NBP8 that may improve the security of supply along major natural gas trade routes
Obstacles to the creation of gas trading hubs and a price index in Northeast Asia
Published in Geosystem Engineering, 2019
The European experience demonstrates the potentially far-reaching implications of the development of ‘market price’ of natural gas. Some recent studies draw comparative lessons from Europe. According to this literature, a similar transformation is possible in Asia. U.S. LNG prices tend to be set by reference to the price of natural gas at the Henry Hub (HH), European LNG prices are usually set by reference to the price of natural gas at either the National Balancing Point (NBP) in the UK or the Title Transfer Facility (TTF) in the Netherlands. In Europe and North America, trading hubs are to set the price for natural gas. Asian gas trading hubs are in the early stages of development although some of the market conditions necessary for the development of liquid gas trading hubs are already in place. However, there are currently a number of LNG spot indices in Asia published by the various price reporting agencies (PRAs). One measure of spot LNG prices has been the daily Japan/Korea Marker (JKM) published by S&P Global Platts. It is estimated that currently 40% of the spot and short-term contracts are priced off the JKM. Other measures include the Argus Northeast Asia (ANEA) index, Singapore SLInG (SLInG) published by the SGX LNG Index Group, and RIM DES Japan. The main concern that has been expressed regarding the various indices is that they ‘lack depth, exhibit too much volatility, and could be influenced by individual players.’ The JKM index, as the oldest of the group, appears to have attracted the greatest following.
Effects of the shale boom on ethylene and propylene prices
Published in Energy Sources, Part B: Economics, Planning, and Policy, 2019
Soohyeon Kim, Saerok Jeong, Eunnyeong Heo
The first dataset is for the US. With regard to raw materials, the natural gas price is the Henry Hub price (US$/MMBtu) and the crude oil price is the West Texas Intermediate (WTI) price (US$/bbl); these prices are of nearby futures contracts which were obtained from the US EIA. For the US feedstock and light olefin (ethylene and propylene) data, the Mont Belvieu ethane and propane spot prices, US Gulf ethylene forward price, and refinery-grade propylene forward price (all converted to US$/t) are utilized. The quantity indicators for the US market are collected from stock data: ethane stock is based on US ethane ending stock data (Mbbl), and propylene stock is calculated by subtracting the US propylene nonfuel use stocks at bulk terminals from the US ending stocks of propane and propylene (Mbbl).