Henry Hub natural gas price shifts to global benchmark
US gas players face crossroads as North American natural gas is moving away from being a regional price point to become a global benchmark
North American natural gas is at an inflection point and US policy makers face tough choices as Henry Hub natural gas futures shift from being a regional price point to a global benchmark. For the US, a key issue is whether to export the gas or direct it to the country's battered manufacturing sector, which sees lower energy costs as a key ingredient for economic recovery. If this approach smacks of isolationism, it's because the North American natural gas market has been - and still is - isolated from the rest of the world. For more than 50 years, it has been a closed loop of supply and demand; drilling levels and supply fluctuated according to cyclic, seasonal rhythms. Henry Hub price sig

Also in this section
5 August 2025
After failed attempts to find a buyer for its stake in Russia’s largest oil producer, BP may be able to avoid the harsh treatment meted out to ExxonMobil and Shell when they exited—and could even restart operations if geopolitical conditions improve
1 August 2025
A number of companies have filed arbitration claims against Gazprom over non-deliveries of contracted gas or other matters—and won. The next step is to collect the award, but this is no easy task
1 August 2025
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
1 August 2025
The Middle East natural gas playbook is being rewritten. The fuel source offers the region a pathway to a cleaner, sustainable and affordable means of local power, to fasttrack economic development and as a lucrative opportunity to better monetise its energy resources.