Natural Gas

Natural gas is a fossil fuel primarily composed of methane, used for electricity generation, heating, and as an industrial feedstock. The Henry Hub benchmark, delivered at Erath, Louisiana, is the primary US pricing reference and trades on NYMEX. Natural gas prices are highly seasonal — winter heating demand and summer cooling demand create recurring price cycles. The US shale revolution transformed the market, making the US the world's largest producer. LNG exports have increasingly linked US prices to global markets, though significant regional price differentials persist between Henry Hub, European TTF, and Asian JKM benchmarks.