Natural gas moneycontrol

Name Price % Unit Date 2.55 8.43 USD per MMBtu 6/15/23 03:03 PM 2.16 0.05 USD per Gallon 6/15/23 07:16 AM 65.51 5.08 USD per 100 Liter 6/15/23 03:03 PM 118.40 1.20 USD per Ton 6/15/23 06:41 AM 2.63 2.58 USD per Gallone 6/15/23 03:00 PM 50.35 0.00 USD per 250 Pfund U308 3/28/23 10:19 AM 75.68 2.81 USD per Barrel 6/15/23 03:03 PM 70.60 2.80 USD per Barrel 6/15/23 03:03 PM Natural gas is a fossil fuel that is both odorless and colorless in its purest form. The main component is methane, also known as CH4. The price of natural gas is often affected by adverse weather conditions, production increases, increased economic activity, and the availability of substitutes. Natural gas is traded on the New York Mercantile Exchange (NYMEX), the world’s largest commodity futures exchange. (read more) Composed of hydrogen and carbon atoms, natural gas is considered by some to be the cleanest burning fossil fuel. It produces carbon dioxide, water vapor, and nitrogen oxide as a byproduct. Although it was formed millions of years ago, natural gas persists as a widely used source of electricity and fuel today. Henry Hub is the name of a famous natural gas pipeline that runs through Erath, Louisiana. The Henry Hub Pipeline is connected to four domestic pipelines and nine international ones. The pipeline has great influence on the price of natural gas futures.

Natural gas prices in Europe and the US have risen recently after declining for several months on muted demand. US gas futures gained 1 percent on June 6 while European gas futures jumped in the week starting June 5. The uptick in prices has been fueled by supply issues in Europe and steady demand growth the US caused by hotter temperatures, analysts said. “Some LNG (liquefied natural gas) terminals in Europe have been shut down and gas pipeline in Turkey also closed which has led to supply-side issues; and therefore the price rise,” said Suman Chowdhury, Chief Economist and Head of Research, Acuite Ratings & Research. Prices increased in the US because of a slight increase in LNG demand. “LNG shipments from US go to some countries in Asia including India. Demand is energising in some countries in Asia. In India, power demand is on the higher side because of the summer season, which impacts the LNG demand as well,” Chowdhury added. More broadly, international LNG prices have eased in 2023 amid milder-than-expected winters in Europe and muted energy demand because of inflation and recession fears. European natural gas benchmark Dutch TTF was trading around 77 euros in January 2023 after touching an all-time high of 350 Euros per megawatt hour (MWh) in August 2022. Analysts said that despite the slight increase in prices recently, natural gas prices are expected to remain muted in the medium term. “Even with the slight increase, natural gas prices continue to remain lowe...

Recent Contracts Last Chg Open High Low Date/Time $2.560 0.218 $2.346 $2.568 $2.315 Jun 15, 2023 3:36 p.m. $2.560 0.218 $2.346 $2.568 $2.315 Jun 15, 2023 3:36 p.m. $2.629 0.216 $2.424 $2.639 $2.394 Jun 15, 2023 3:36 p.m. $2.622 0.206 $2.418 $2.631 $2.398 Jun 15, 2023 3:36 p.m. $2.732 0.185 $2.550 $2.739 $2.529 Jun 15, 2023 3:36 p.m. $3.135 0.136 $3.004 $3.140 $2.981 Jun 15, 2023 3:35 p.m. $3.569 0.112 $3.437 $3.574 $3.433 Jun 15, 2023 3:35 p.m. $3.817 0.095 $3.710 $3.828 $3.703 Jun 15, 2023 3:36 p.m. $3.740 0.083 $3.644 $3.751 $3.636 Jun 15, 2023 3:35 p.m. $3.473 0.085 $3.378 $3.483 $3.366 Jun 15, 2023 3:35 p.m.

Reuters British Columbia to call for new power projects as electrification strains grid Canada's Pacific province of British Columbia (B.C.) will issue its first call in 15 years for large new electricity-generating projects, as motorists switch to electric vehicles and industry adopts low-emissions power. The government-owned BC Hydro utility said on Thursday it will formally launch a competitive process for utility-scale projects next spring and aim to have new sources of electricity by 2028. It is seeking renewable projects only, such as wind and solar.