2 May 2024
Pricewatch – Good time to buy Henry Hub?
Publication date: 13 March 2017
Gas Strategies Group
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The Nymex futures market is offering US gas buyers a chance to lock in Henry Hub supply at around USD 3/MMBtu for the next ten years, which is a large discount to levels predicted by major forecasters.
The Henry Hub curve fluctuates on a seasonal basis, with a mild upswing in summer when cooling demand rises and a larger hump in winter when heating demand traditionally reaches an annual peak. But following the curve, instead of rising in the coming years, US benchmark gas prices actually get cheaper.