Natural gas (Natural gas)
Natural gas is a decay product of fossil organic matter such as oil and coal. He is one of the most common energy resources in the world. From it is more than a quarter of all electricity consumed in America, private homes, office buildings and businesses. America is using all the extracted gas in its territory, and even import it from Canada.
Natural gas is a popular fuel because it is clean from an environmental point of view and practically does not emit harmful substances during combustion. It is safe and reliable, as most pipelines are located deep underground. In addition, when used, it generates more heat than other petroleum products.
Gas Futures are actively traded on NYMEX. In one contract contains 10,000 million British thermal units, or mmBtu. If you change the gas price by 0.1 cents value of the contract is changed to $ 10. Delivery is made to the Henry Hub, Louisiana, where the convergent 16 large underground gas pipelines from the gas-bearing regions of the country and abroad.
Specification for gas futures
| The Exchange: | NYMEX |
| Ticker: | NG (ticker current contract NN) |
| The size of the contract: | 10,000 million British thermal units (mmBtu) |
| Exchange quotation: | Dollars and cents per mmBtu |
| Trading Hours (New York Time): | Open auction: 9:00 - 14:30 Trade: Sundays from 18:00 to 17:15 pyatnitsys 45 min. break |
| Traded months: | All months of the year and the next 12 years |
| The minimum price change: | $ 0.001 (0.1 cents) per mmBtu ($ 10.00 on contract ) |
| Last trading day: | The third working day from the end of the delivery month |
| Type of contract: | Deliverable (there is also a settlement) |
