Thu 10 Mar 2011, 07:47 GMT

Bunker Index publishes LNG indicators


Daily natural gas futures prices now published on the home page of Bunker Index.



Bunker Index is pleased to announce the addition of daily natural gas futures prices as indicators for liquefied natural gas (LNG).

Located on the left-hand side of the home page and linked to a settlement prices page, Bunker Index is now publishing the following two indices:

*Henry Hub front month natural gas futures

*UK NBP natural gas futures (monthly)

Henry Hub, a point on the natural gas pipeline system located in Erath, Louisiana, is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX). Prices are quoted in USD/mmBtu (million British thermal units). The contract unit is 10,000 million British thermal units.

UK NBP natural gas futures prices are traded on the IntercontinentalExchange (ICE). Contracts are for physical delivery through the transfer of rights in respect of natural gas at the National Balancing Point (NBP) - a virtual trading location for the sale and purchase and exchange of UK natural gas. Delivery is made equally each day throughout the delivery period.

UK NBP prices are quoted in GBP/therm where one therm is equal to 100000 British thermal units (Btu). One lot equals 1,000 therms of natural gas per day (1 therm = 29.3 kilowatt hours). Contract sizes are in multiples of 5 lots of 1,000 therms per lot of natural gas per day.

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