LNG and the Importance of the Henry Hub Benchmark

Unlike solid forms of energy coaxed from the earth — such as crude oil and coal — the odorless vapor known as natural gas is positively invisible.

So it follows, bits of technical and market adaptations are needed to ensure the natural gas can be profitably shipped and priced, especially on a global scale.

Firstly, advances in science over the decades have led to an ingenious way to liquify the gas. The commodity has been freed from the pipeline and it now traverses oceans, feeding far flung markets, thanks to a process where the fuel is supercooled to minus 260 degrees Fahrenheit, which shrinks its volume 600 times…

 

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