For the week (Wednesday to Wednesday), the
spot price at the Henry Hub increased
10 cents, or less than 1 percent, to $11.14 per million
British thermal units (mmBtu).
natural gas production dropped to 3.2 billion cubic feet as of Wednesday, November 23,
from its level on the previous Wednesday of 3.7 billion cubic feet.
The amount of natural gas in storage in the East Region
decreased 0.5% for the week ending November 18 to 1,937 billion cubic feet which was 92
billion cubic feet above the 5-year average. Nebraska is a part of the
East Region (see map)
which is a major natural gas consumer, particularly in the residential
and commercial sectors. The industrial
sector, which includes agriculture, is also a major consumer in this state. Most of the
gas is supplied from the Producing
Region with a fair amount imported from Canada. The Henry Hub in southern
Louisiana is a major market center with interconnections for many of the pipelines that
transport U.S.-produced gas to the East Region. Furthermore, the Henry Hub is the
preferred reference point for prices for most of the domestic gas destined for the
East. Therefore, market conditions and developments in the East Region and price
movements and trends at the Henry Hub are usually highly correlated.
Notes: An archive is
available. Divide the price by ten (10) to obtain the price per hundred cubic feet
(ccf) or the approximate price per
Natural Gas Spot Prices at the Henry Hub 2004 and 2005