Natural Gas Weekly Update

The Henry Hub spot price fell 42 cents from $3.08 per million British thermal units (MMBtu) last Wednesday to $2.66/MMBtu yesterday.

Henry Hub drops 42 cents to $2.66

Henry Hub spot price: The Henry Hub spot price fell 42 cents from $3.08 per million British thermal units (MMBtu) last Wednesday to $2.66/MMBtu yesterday.

Henry Hub futures prices: The February 2023 NYMEX contract expired Friday at $3.109/MMBtu, up 4 cents from last Wednesday. The March 2023 NYMEX contract price decreased to $2.468/MMBtu, down 45 cents from last Wednesday to yesterday. The price of the 12-month strip averaging March 2023 through February 2024 futures contracts declined 25 cents to $3.268/MMBtu.

Select regional spot prices: Natural gas spot prices fell at most locations this report week (Wednesday, January 25 to Wednesday, February 1), but increases were seen in both the West and Northeast. Week-over-week price changes ranged from a decrease of $3.62/MMBtu at Sumas to an increase of $7.93/MMBtu at the Algonquin Citygate.