Henry Hub spot gas price down in Feb

The Henry Hub natural gas spot price averaged $2.87/MMBtu in February, a decline of $0.12/MMBtu from January, the U.S. EIA said in a report on Tuesday.

EIA expects monthly average spot prices to remain less than $3/MMBtu through May, and less than $4/MMBtu through the remainder of the forecast. The projected Henry Hub natural gas price averages $3.07/MMBtu in 2015 and $3.48/MMBtu in 2016.

Natural gas futures contracts for June 2015 delivery traded during the five-day period ending March 5 averaged $2.83/MMBtu. Current options and futures prices imply that market participants place the lower and upper bounds for the 95% confidence interval for June 2015 contracts at $1.92/MMBtu and $4.18/MMBtu, respectively.

At this time last year, the natural gas futures contract for June 2014 delivery averaged $4.55/MMBtu and the corresponding lower and upper limits of the 95% confidence interval were $3.51/MMBtu and $5.90/MMBtu.

 

Image: EIA

 

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >