Discount to Henry Hub has Narrowed
The spread between natural gas prices at Henry Hub and pricing in the hubs around the Marcellus has been indicative of the supply glut and the status of infrastructure in the area. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica shale plays in Pennsylvania, West Virginia, and Ohio consistently trade lower than the national benchmark.

Natural gas produced from the Marcellus and Utica is often transported to other areas of the country for cons...

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