Forbes: R.I.P. Henry Hub? Marcellus Shale Shifts Geography Of Natural Gas Markets
The New York Stock Exchange of natural gas – or the closest thing to it – is an industrial complex of pipes and compressors sprawled over a few acres of what was once farmland in southern Louisiana.
Owned by Sabine Pass, a subsidiary of Chevron Corporation, the Henry Hub interconnects with 13 major pipeline systems and can transport 1.8 billion cubic feet of natural gas per day (Bcf/d).
The complex sits on the outskirts of Erath, La. a few miles from the Gulf of Mexico. More recently, Erath provided the setting for the fictional murder of Dora Lange in the first episode of HBO’s gristly crime drama, True Detective.