On September 6, 2024, the Henry Hub natural gas spot price amounted to 2.04 U.S. dollars per million British thermal units. This was an increase compared to the previous week. Conversely, the European gas benchmark Dutch TTF decreased that week. In January 2024, a cold front was feared to impact refiners in Texas, leading to a spike in prices.
What is Henry Hub?
The Henry Hub price is seen as the most important benchmark for the U.S. natural gas market. As of 1990, it has been used for pricing of natural gas traded on the New York Mercantile Exchange and later the Intercontinental Exchange. The hub in question is a distribution pipeline system in Louisiana and began operating in the 1950s. The highest Henry Hub annual average prices were recorded in 2005 and 2008, when they climbed to over eight U.S. dollars per million British thermal units.
Natural gas export prices
In recent years, the U.S. has been incentivized to build up its liquefaction and LNG export capacities as it widens the potential customer pool. With sanctions on Russian energy imports, many European countries looked to the U.S. for procuring natural gas from 2022 onward. In line with Henry Hub pricing development, the monthly LNG export price also showed volatility depending on market and geopolitical events.
Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024
(in U.S. dollars per million British thermal units)
Characteristic
Price in U.S. dollars per million Btu
Sep 6, '24
2.04
Aug 30, '24
1.9
Aug 23, '24
2.04
Aug 16, '24
2.13
Aug 9, '24
1.88
Aug 2, '24
1.9
Jul 26, '24
2.06
Jul 19, '24
2.02
Jul 12, '24
2.26
Jul 5, '24
2.08
Jun 28, '24
2.52
Jun 21, '24
2.44
Jun 14, '24
2.73
Jun 7, '24
2.43
May 31, '24
2.03
May 24, '24
2.48
May 17, '24
2.23
May 10, '24
2
May 3, '24
1.64
Apr 26, '24
1.54
Apr 19, '24
1.46
Apr 12, '24
1.69
Apr 5, '24
1.7
Mar 29, '24
1.48
Mar 22, '24
1.54
Mar 15, '24
1.4
Mar 8, '24
1.55
Mar 1, '24
1.58
Feb 23, '24
1.56
Feb 16, '24
1.59
Feb 9, '24
1.93
Feb 2, '24
2.21
Jan 26, '24
2.38
Jan 19, '24
2.92
Jan 12, '24
5.11
Jan 5, '24
2.68
Dec 29, '23
2.56
Dec 22, '23
2.5
Dec 15, '23
2.38
Dec 8, '23
2.62
Dec 1, '23
2.72
Nov 24, '23
2.64
Nov 17, '23
2.74
Nov 10, '23
2.46
Nov 3, '23
3.17
Oct 27, '23
2.89
Oct 20, '23
2.86
Oct 13, '23
3.2
Oct 6, '23
2.91
Sep 29, '23
2.66
Sep 22, '23
2.62
Sep 15, '23
2.71
Sep 8, '23
2.52
Sep 1, '23
2.57
Aug 25, '23
2.53
Aug 18, '23
2.59
Aug 11, '23
2.76
Aug 4, '23
2.49
Jul 28, '23
2.59
Jul 21, '23
2.54
Jul 14, '23
2.53
Jul 7, '23
2.53
Jun 30, '23
2.58
Jun 23. '23
2.28
Jun 16, '23
2.05
Jun 9, '23
1.99
Jun 2, '23
1.93
May 26, '23
2.17
May 19, '23
2.29
May 12, '23
2.1
May 5, '23
2.03
Apr 28, '23
2.2
Apr 21, '23
2.21
Apr 14, '23
2.09
Apr 7, '23
2.14
Mar 31, '23
2.01
Mar 24, '23
2.06
Mar 17, '23
2.47
Mar 10, '23
2.48
Mar 3, '23
2.6
Feb 24, '23
2.18
Feb 17, '23
2.41
Feb 10, '23
2.34
Feb 3, '23
2.64
Jan 27, '23
3.08
Jan 20, '23
3.17
Jan 13, '23
3.46
Jan 6, '23
3.65
Dec 30, '22
4.06
Dec 23, '22
6.35
Dec 16, '22
6.78
Dec 9, '22
4.6
Dec 2, '22
6.06
Nov 25, '22
6.41
Nov 18, '22
6.06
Nov 11, '22
4.34
Nov 04, '22
4.57
Oct 28, '22
5.12
Oct 21, '22
5.48
Oct 14, '22
6.29
Oct 7, '22
6.01
Sep 30, '22
6.63
Sep 23, '22
7.69
Sep 16, '22
8.42
Sep 9, '22
8.3
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EIA. (September 11, 2024). Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024 (in U.S. dollars per million British thermal units) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/
EIA. "Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024 (in U.S. dollars per million British thermal units)." Chart. September 11, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/
EIA. (2024). Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024 (in U.S. dollars per million British thermal units). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/
EIA. "Weekly U.S. Henry Hub Natural Gas Spot Prices from September 9, 2022 to September 6, 2024 (in U.S. Dollars per Million British Thermal Units)." Statista, Statista Inc., 11 Sep 2024, https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/
EIA, Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024 (in U.S. dollars per million British thermal units) Statista, https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/ (last visited October 06, 2024)
Weekly U.S. Henry Hub natural gas spot prices from September 9, 2022 to September 6, 2024 (in U.S. dollars per million British thermal units) [Graph], EIA, September 11, 2024. [Online]. Available: https://www.statista.com/statistics/1105300/weekly-henry-hub-natural-gas-prices/