Henry Hub is the primary US natural gas benchmark, delivered at Erath, Louisiana.
US is now the world's largest LNG exporter — HH sets the floor for US LNG export economics.
Qatar (world's #2 LNG exporter) ships through Hormuz — disruption redirects Asian buyers to US/Australian LNG.
Hormuz impact on HH: indirect but real. Asian LNG panic buying → US LNG exports surge → domestic HH rises.
US shale gas production (~105 Bcf/d) provides structural supply buffer absent in Europe/Asia.
Source: Yahoo Finance (NG=F) / NYMEX. Monthly 2019–2025, daily from March 2025. Updated daily. 479 data points since 2010-01-01.
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