Analysis of factors influencing the Henry Hub natural gas price based on factor analysis

Henry Hub as an important transaction hub for natural gas sets the gas price standard in the USA. In this paper, the factors influencing Henry Hub natural gas prices are analyzed, and the major factors determining the price levels in the period between January 1997 and December 2016 are studied. It...

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Bibliographic Details
Published in:石油科学：英文版 2017 (4), p.822-830
Main Author: Hong Li Hui-Ming Zhang Yuan-Tao Xie Di Wang
Format: Article
Language:English
Online Access:Get full text
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Summary:Henry Hub as an important transaction hub for natural gas sets the gas price standard in the USA. In this paper, the factors influencing Henry Hub natural gas prices are analyzed, and the major factors determining the price levels in the period between January 1997 and December 2016 are studied. It is found that economic conditions, total energy demand, US dollar exchange rate and gas consumption are the major factors. The mechanism of each factor influencing the Henry Hub natural gas price is also explored in the paper.
ISSN:1672-5107
1995-8226