Plain-language guides to how natural gas prices, benchmarks and data work
Where Henry Hub is, why it is the U.S. natural gas benchmark and how its price is set.
Futures, options, ETFs, fundamentals, seasonality and risk management in one guide.
NYMEX contract specs, month codes, expiry, physical delivery, continuous contracts and strips.
How Europe's benchmark works, how it is quoted in €/MWh and what drives it.
Henry Hub, Waha, Algonquin, AECO, TTF, NBP, JKM and what basis means.
Release times, holiday changes and how to read the weekly storage report.
Convert $/MMBtu, €/MWh, therms, Mcf and GJ; volume units and LNG pricing formula.
Marcellus, Utica, Haynesville, Permian and the other basins behind U.S. supply.
EIA monthly spot prices since 1997 with a long-term chart and the biggest spikes.
New to the gas market? Start with Henry Hub explained, then how natural gas futures work and the weekly EIA storage report. If you follow European prices, read the TTF guide and the Henry Hub–TTF spread. For market commentary, see the blog and news sections.
Educational content only — not investment advice. See our disclaimer.