Henry Hub Natural Gas Spot Prices 2005



Natural gas spot prices increased at all market locations this week while production remained shut-in in the Gulf of Mexico.  Shut-in natural gas production in the Gulf was at 66 percent of the daily gas production on Wednesday, October 5.

Although Sabine Pipeline, the operator at Henry Hub, has partially lifted the force majeure on the Henry Hub facility, price quotes remain unavailable.  Trading at other Louisiana market locations saw an average spot price of $15.03 per million British thermal units (mmBtu) on the week (Wednesday to Wednesday).

The amount of natural gas in storage in the East Region increased 2.1% for the week ending September 30 to 1,733 billion cubic feet which was 9 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 therm.


Natural Gas Spot Prices at the Henry Hub
2004 and 2005


Natural Gas Spot Prices at the Henry Hub 2005
[Price per Million British Thermal Units (mmBtu)]
Day Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    1   $6.29 $6.64 $7.58   $6.36 $7.01 $8.02 $11.36   NA NA
    2   $6.38 $6.61   $6.50 $6.65   $8.37 $11.75   NA NA
    3 $5.53 $6.30 $6.72   $6.61 $6.65   $8.75   NA NA  
    4 $5.70 $6.12 $6.52 $7.80 $6.49   Holiday $8.54   NA NA  
    5 $5.84     $7.44 $6.66   $7.38 $8.61 Holiday NA   NA
    6 $5.79     $7.46 $6.67 $7.05 $7.68   $11.58 NA   NA
    7 $5.85 $6.03 $6.67 $7.51   $7.13 $7.62   $11.05 NA NA NA
    8   $5.95 $6.84 $7.27   $7.22 $7.87 $8.93 $10.93   NA NA
    9   $6.20 $6.99   $6.56 $7.05   $8.71 $11.03   NA NA
  10 $6.23 $6.21 $6.90   $6.67 $7.09   $8.81   NA NA  
  11 $5.96 $6.03 $6.73 $7.17 $6.63   $7.35 $9.29   NA NA  
  12 $5.89     $7.34 $6.63   $7.78 $9.58 $10.66 NA   NA
  13 $6.05     $7.07 $6.47 $7.08 $7.78   $10.69 NA   NA
  14 $6.46 $5.95 $6.86 $7.02   $7.32 $8.00   $10.80 NA NA NA
  15   $6.01 $7.15 $6.95   $7.39 $8.03 $9.52 $11.26   NA NA
  16   $6.11 $7.08   $6.45 $7.41   $9.69 $11.25   NA NA
  17 Holiday $6.05 $7.24   $6.41 $7.60   $9.98   NA NA  
  18 $6.68 $5.88 $7.12 $6.95 $6.50   $7.77 $9.39   NA NA  
  19 $6.21     $7.01 $6.39   $7.70 $9.10 $12.10 NA   NA
  20 $6.26     $7.10 $6.37 $7.83 $7.75   $12.83 NA   NA
  21 $6.43 Holiday $7.17 $6.93   $7.47 $7.64   $14.25 NA NA NA
  22   $5.92 $7.25 $7.06   $7.40 $7.40 $9.44 $15.27   NA NA
  23   $6.02 $7.11   $6.34 $7.50   $9.95 $15.27   NA NA
  24 $6.41 $6.32 $7.08   $6.45 $7.47   $10.00   NA NA  
  25 $6.46 $6.27 Closed $7.27 $6.33   $7.38 $9.77   NA NA  
  26 $6.44     $7.08 $6.30   $7.46 $9.86 NA NA   NA
  27 $6.50     $7.11 $6.22 $7.29 $7.50   NA NA   NA
  28 $6.24 $6.64 $6.94 $6.66   $7.05 $7.69   NA NA NA NA
  29     $6.94 $6.65   $7.07 $7.77 NA NA   NA NA
  30     $7.17   Holiday $7.01   $12.35 NA   NA NA
  31 $6.15   $7.47   $6.31     $12.70   NA    

Sources:  Natural Gas Weekly Update.   Energy Information Administration, Washington, DC.  Nebraska Energy Office, Lincoln, NE.

Note:  NA = Not available.

This table was updated on October 7, 2005.  Typically, there is one week between updates.

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