Welcome to NYMEX Henry Hub Natural Gas Futures

With exports growing to Europe, South America and Asia, NYMEX Henry Hub Natural Gas futures (NG) have become the global price benchmark for trading natural gas. Today the contract provides one of the most cost-efficient ways to manage risk in the volatile natural gas market.

What Is Henry Hub?

Henry Hub refers to the central delivery location (or, hub) located near the Louisiana’s Gulf Coast, connecting several intrastate and interstate pipelines. Henry Hub has been used as a pricing reference for the futures since April 1990.

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Dutch TTF & UK Gas Grid

Product Symbol

CME Globex/ClearPort/Clearing: NG

Contract Months

All calendar months

Price Quotation

U.S. dollars and cents per MMBtu

Contract Size

10,000m British thermal units (MMBtu)

Trading Venue  

CME Globex:  Electronically trade nearly 24 hours/6 days a week

CME ClearPort: Clear nearly 24 hours/6 days a week

Trayport Joule Direct: Trade NYMEX products on-screen thru Trayport

Trading Hours

5:00pm – 4:00pm (Sun–Fri) CT with a 60-minute break each day beginning at 4:00pm CT

Minimum Tick

$0.001 per MMBtu

Dollar Value
of Tick

$10.00 U.S. dollars

Product Last Change Chart Globex Vol

Natural Gas Overview

NG Calendar Spread Options

Benefits of Trading NYMEX Henry Hub Futures

Deep, liquid market
400K contracts traded daily, 1.4M of open interest

Capital efficiency
Control a large contract value with a small amount of capital. Used properly, it’s a powerful way to increase capital efficiency

Physical settlement
NYMEX NG futures are closely connected to the spot market, reducing slippage

Natural Gas TAS spreads (NGT) are now available on NYMEX in any spread combination for the first 12 consecutive monthly contracts.

Global benchmark
World’s 3rd largest physical commodity futures; use growing in South America, Asia & Europe

Nearly 24-hour electronic access
Get around-the-clock trading via the CME Globex, CME ClearPort venues and Trayport Joule Direct

Safety & security
Central clearing helps mitigate counterparty credit risk

Compare NYMEX Henry Hub futures vs. Energy Index ETFs

  • No management fee  Unlike ETFs, pay no annual management fee with NYMEX Henry Hub futures
  • Trade around the clock 24 hour-access means no waiting for the ETF open as market-moving events (U.S. elections, weather events and so on ) unfold
  • Unparalleled liquidity  3rd largest physical commodity futures contract by volume
  • Direct exposure  Many energy index ETFs use NG futures to get market exposure; prices on ETFs may be affected by factors other than change in underlying
  • No roll slippage  Avoid the costly loss of correlation to gas market that many ETFs exhibit near the futures roll

Key Reports/Factors that Move Markets

EIA weekly reports (Thursdays) – track natural gas supply levels stored

GDP reports – track health of the U.S. economy and in turn, consumer demand for natural gas for energy

Temperature, weather events  can impact major production sites, storage levels and demand

Oil inventory reports – cheaper oil prices affect natural gas which is positioned as a viable energy alternative to crude oil

World events – war, financial crises elections and more can affect natural gas policy and cost of natural gas

Check out the "Learn about Key Economic Events" course and economic release calendar at the CME Institute to learn more.

Learn to Trade NYMEX Henry Hub Futures

Ready to take the next step? Find the resources you need – introductory courses, trading tools and simulators, research, market commentary and more – at the CME Institute:

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