Henry Hub Port Henry is the delivery place and pricing center of natural gas in the NYMEX York Mercantile Exchange. Every day, about 350,000 natural gas futures contracts are delivered in Henry Center in the New York Mercantile Exchange.

Texaco's large natural gas plant in Louisiana is located about 7 miles south of Eras town, and it is called Henry Natural Gas Treatment Plant because it is close to Henry High School.

In the late 1980s, the processing capacity of Henry Natural Gas Treatment Plant declined year by year, but it had several advantages that made it stand out from many price benchmarks. First, it is located in the southwestern United States, where the natural gas pipeline network is the most developed. One end of it is connected with major natural gas producing areas in the United States, and the other end leads to major natural gas consumption areas, gas storage and LNG export terminals. Second, all the connected pipes are relatively large in diameter, which can meet the throughput requirements of large-scale trade. Thirdly, Jagjit Yadav and Bill English, two senior executives of Texaco, put forward many innovative trade and trading schemes, including putting forward the concept of Henry Hub for the first time, simplifying the trading process and operation process, and taking a series of measures to make Henry Hub have high market value-not only as a trading hub, but also as the benchmark price of NYMEX futures contracts.

In the process of great changes in the natural gas market, the mature and developed pipe network facilities and a series of innovative ideas have made Henry Hub an "industry benchmark center". 1990 the New York Mercantile Exchange chose Henry Hub as the delivery place of its natural gas futures contract.

Now, Henry Natural Gas Treatment Plant has been closed for more than ten years, and Henry Hub has long been not limited to the periphery of the treatment plant, and its name has evolved into an abstract concept.

At present, Henry Hub has developed into a full-service gathering and transportation system, providing various services such as receiving, processing, transportation, storage and peak shaving of natural gas pipeline network, and is widely interconnected with the most important natural gas pipeline network in the United States. It connects four states and nine interstate bidirectional natural gas trunk pipelines, Including Acadian, Columbia GulfTransmission, Gulf SouthPipeline, Bridgeline, NGPL, Sea Robin, Southern NaturalPipeline, Texas GasTransmission, TranscontinentalPipeline, TrunklinePipeline, Jefferson Island and Sabine.

Henry Hub has two large compression stations, which can compress 5.2 million calories of natural gas every day, and the whole hub can transport 654.38+08 billion cubic feet of natural gas every day. At the same time, it is also connected with Jefferson Island, Arcadia, sorrento and other large underground salt caverns to provide gas storage services and play a role in regulating the flow of the pipe network.

Due to the large transaction volume, transparent pricing and high liquidity of Henry Hub. Some global natural gas producers, such as Qatar, Australia and Mozambique, began to decouple from crude oil prices and established a natural gas delivery pricing mechanism based on Henry Hub price. The price of Henry Hub is also widely quoted by futures exchanges and media around the world. We have reason to believe that Henry Hub will play an increasingly important role in the natural gas trade in North America and even the world in the foreseeable future.

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