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how gas will be priced and traded internationally in the future. Th e international gas trade is dominated by a reference pricing mechanismâoil indexationâthat originated in Europe in the 1960s but is under growing pressure there, bringing into question how natural gas may be priced in the future, not only in Europe, but in Asia and beyond. Historically, international trade in gas was quite limited, as gas was produced
Natural Gas Prices. The Henry Hub natural gas spot price averaged $2.66/MMBtu in September, a decrease of 11 cents/MMBtu from the August price. Monthly average Henry Hub spot prices are forecast to remain lower than $3/MMBtu through January, and lower than $3.50/MMBtu through the rest of the forecast.The projected Henry Hub natural gas price averages $2.81/MMBtu in 2015 and $3.05/MMBtu in 2016.atural Gas Prices. The Henry Hub natural gas spot price averaged $2.66/MMBtu in September, a decrease of 11 cents/MMBtu from the August price. Monthly average Henry Hub spot prices are forecast to remain lower than $3/MMBtu through January, and lower than $3.50/MMBtu through the rest of the forecast.