This dashboard accompanies Natural Gas Markets: Infrastructure, Price Formation, and the Architecture of Trading Hubs in the United States and Europe. It provides direct links to every live data source, chart, and report cited in the paper — from NYMEX Henry Hub futures on CME Group to TTF forward curves on ICE Endex, EIA weekly storage reports, GIE AGSI+ European storage, and OIES research publications.
The daily cash price for gas delivered at Henry Hub, Erath LA — the North American benchmark spot index published by Natural Gas Intelligence (NGI) and S&P Global Platts.
EIA Daily Price NGI IndexExchange-listed Henry Hub natural gas futures (ticker: NG). 10,000 MMBtu per contract. The world's most traded natural gas futures contract, listed up to 12 years forward.
CME Quotes SettlementsThe full term structure of Henry Hub futures prices showing seasonality and long-run market expectations. Shape reveals contango, backwardation, and winter premiums.
Strip Prices EIA WeeklyThe TTF–Henry Hub differential drives US LNG export economics. When TTF > HH + $3.50/MMBtu (liq + ship), US cargoes flow to Europe. Key to understanding global LNG routing.
EIA Weekly OIES NG-195Released every Thursday at 10:30 AM ET, this is the most market-moving natural gas data release in the US. Reports net change in storage across 5 regions (East, Midwest, Mountain, Pacific, South Central). Deviations from consensus can move NYMEX 5–10% instantly.
EIA Dashboard Weekly Report Historical DataUS storage: ~280 depleted reservoir sites (seasonal), ~100 salt cavern sites (peak/intraday), ~40 aquifer sites. SSOs own the infrastructure but not the gas — shippers book capacity and inject their own molecules. Salt caverns dominate Gulf Coast; depleted reservoirs dominate Midwest and Appalachia.
EIA Storage Basics FERC StorageGas Infrastructure Europe (GIE) publishes daily storage data for all EU member states plus the UK via the AGSI+ platform — the European equivalent of the EIA weekly report. Approximately 160 storage facilities, ~1,100 TWh total working capacity (~38 Bcm). Germany, Netherlands, Austria, Italy, and France account for ~75% of EU capacity.
AGSI+ Live MethodologyFollowing the 2021–22 energy crisis, the EU introduced mandatory storage filling targets: member states must reach 90% of capacity by 1 November each year. This regulatory intervention — with no US equivalent — creates tension between market-based storage allocation and administrative security-of-supply requirements.
EC Gas Storage Regulation Text| Hub Name | Region | Type | Typical Basis to HH | Key Driver | Data Source |
|---|---|---|---|---|---|
Henry Hub NYMEX: NG |
Gulf Coast | Benchmark | — reference | 13 pipeline interconnections | CME Group |
Algonquin Citygate AGT Zone 4 |
Northeast | Demand Hub | +$0.20 to +$70 | Winter pipeline constraints into New England | EIA |
Transco Zone 6 NY TZ6NY |
Northeast | Demand Hub | +$0.10 to +$15 | NYC metro demand; limited import capacity | EIA Weekly |
Dominion South DOM-S |
Appalachia | Supply Hub | −$0.50 to −$2.50 | Marcellus/Utica shale overproduction; takeaway limits | EIA |
Chicago Citygate CHI |
Midwest | Demand Hub | +$0.05 to +$2 | Midcontinent demand; well-connected grid | EIA |
Waha Hub WAHA |
Permian | Supply Hub | −$0.10 to −$3.50 | Permian associated gas; periodic takeaway congestion | EIA |
Opal Hub OPAL |
Rockies | Supply Hub | −$0.20 to −$1.50 | Wyoming Rockies production; long transport to markets | NGI |
SoCal Citygate SOCAL |
West Coast | Demand Hub | +$0.10 to +$11 | CA demand + Aliso Canyon constraints | EIA |
Houston Ship Channel HSC |
Gulf Coast | Industrial Hub | −$0.05 to −$0.30 | Industrial petrochemical demand; LNG feed gas | EIA |
| Hub Name | Country | TSO / Operator | Typical Basis to TTF | Exchange | Data Source |
|---|---|---|---|---|---|
TTF Title Transfer Facility |
Netherlands | GTS (Gasunie) | — benchmark | ICE Endex | ICE Endex |
NBP National Balancing Point |
United Kingdom | National Grid | −€0.50 to −€3 | ICE | ICE NBP |
THE Trading Hub Europe |
Germany | THE (merged 2021) | −€0.10 to −€1 | EEX / PEGAS | PEGAS |
PEG Point d'Échange de Gaz |
France | GRTgaz / Teréga | −€0.10 to −€1.50 | Powernext | Powernext |
PSV Punto di Scambio Virtuale |
Italy | Snam Rete Gas | +€0.50 to +€5 | GME | GME Italy |
CEGH / VTP Central European Gas Hub |
Austria | Gas Connect Austria | −€0.10 to −€1 | CEGH | CEGH |
ZEE / ZTP Zeebrugge / Belgian Hub |
Belgium | Fluxys | −€0.20 to −€1 | ICE | Fluxys ZTP |
PVB / MIBGAS Iberian Hub |
Spain / Portugal | Enagás / REN | +€0.20 to +€4 | MIBGAS | MIBGAS |
Japan Korea Marker (JKM) is the spot price benchmark for LNG delivered to northeast Asia. Published by S&P Global Platts. The three-way Henry Hub / TTF / JKM arbitrage determines global LNG cargo routing and is the key mechanism linking the three major gas market regions.
Platts JKMTTF ≥ HH + ~$3/MMBtu (liquefaction) + $0.5–1.5/MMBtu (Atlantic shipping) = profitable US→Europe LNG flow. EIA tracks US LNG export capacity utilisation weekly. Sabine Pass (near Henry Hub) was the first US LNG export terminal, opening in 2016.
EIA LNG FlowsGIIGNL publishes the annual LNG industry report covering global trade volumes, export capacity, and import terminal data. Kpler and Bloomberg provide real-time vessel tracking for cargo routing decisions between Atlantic and Pacific basins.
GIIGNL Reports EIA LNG AnnualDefinitive annual analysis of all European hubs using churn rate methodology. Confirms TTF's status as a global benchmark with 45.9× churn rate in 2024. Free PDF download.
oxfordenergy.org → NG-198Compares US hub differentials from Henry Hub and European hub differentials from TTF in a single framework. Includes TTF netback to Henry Hub charts and multi-dimensional price driver analysis. Free PDF.
Direct PDF downloadAuthoritative explainer on Henry Hub's physical infrastructure, the 13 connected pipelines, the basis differential framework, and the futures contract specification (10,000 MMBtu, monthly settlement).
cmegroup.comCovers LNG globalisation, the virtual pipeline between continents, and how Henry Hub, TTF, and JKM interact. Discusses Cheniere's shift from HH-indexed to TTF-indexed LNG contracts.
ice.com/insightsWeekly market analysis published every Thursday: price movements, storage vs. 5-year average, production and demand data, regional basis summaries. The most widely read weekly gas market publication in North America.
eia.gov/naturalgas/weeklyDaily storage data for all EU+UK facilities, by country and operator. Includes fill level %, injection/withdrawal rates, and historical comparisons. The European equivalent of the EIA weekly storage report.
agsi.gie.euKey academic reference on the fundamental drivers of natural gas prices using structural VAR methodology. Shows storage levels, temperatures, and oil prices as primary drivers of European hub prices.
doi.org/10.1016/j.eneco.2014.07.009Granger causality analysis of TTF price drivers. Finds oil price, temperature, and coal prices Granger-cause TTF prices; power generation competition determines the marginal demand setting gas prices. Open access PDF.
Open Access PDFMost current OIES quarterly covering TTF price dynamics, storage, LNG supply, and the US-Europe spread. Includes analysis of new LNG wave projects and 2026 outlook.
oxfordenergy.orgThe foundational US regulatory order that unbundled pipeline transportation from gas commodity sales — the legal basis for competitive gas markets in the US and the framework within which Henry Hub's benchmark role emerged.
ferc.gov