NYMEX Natural Gas Futures Contract definition

NYMEX Natural Gas Futures Contract means the Futures Contract for natural gas on NYMEX, which is used for the physical receipt and/or delivery of gas at the Xxxxx Hub located in Erath, Louisiana.
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Examples of NYMEX Natural Gas Futures Contract in a sentence

  • A - Contract refers to the NYMEX Natural Gas Futures Contract, as approved by the CFTC, for the purchase and sale of natural gas at Henry Hub.Col.

  • The swap’s delivery location is in close proximity to the Henry Hub, and there is tight arbitrage between the two pricing hubs.2. Same commodity at different locations—The NYMEX Transco, Zone 6 Natural Gas Index Swap (Platts Gas Daily/Platts IFERC) Futures Contract provides an example of a futures contract which references an underlying spot market that is interconnected with a spot market to which the NYMEX Natural Gas Futures Contract references.

  • They will discuss the role of NYMEX Natural Gas Futures Contract in determining the value of physical natural gas.

  • This case concerns the important nexus between the wholesale interstate natural gas markets subject to our jurisdiction and the New York Mercantile Exchange (NYMEX) Natural Gas Futures Contract (the NG Futures Contract).

  • NYMEX Natural Gas Futures Contract, Daily Settlement Prices and 22-Day Rolling Average, 2006 Forward The NYMEX natural gas price is converted to cents per kWh by multiplying it times the range of heat rates assumed for (i) the average California avoided natural gas-fired plant (i.e., 7,907-7,967 Btu/kWh)19 and (ii) the average avoided natural gas-fired peaking unit (i.e., 10,450-10,833 Btu/kWh).

  • Capacity building will be geared toward the existing capacity and human resources in municipalities and will focus on (a) collecting road inventory data, (b) using the simple RAMS to monitor road conditions and program road maintenance and rehabilitation, (c) redressing citizen grievances, (d) promoting transparency in decision making, and (e) executing road maintenance activities more efficiently through improved contracting methods and inter-municipal cooperation where appropriate.

  • Under these circumstances, it is in the public interest to approve a settlement in which the Settling Respondents agree to make a payment of$7.5 million to the United States Treasury and acknowledge that they are accountable for their trading in the New York Mercantile Exchange (NYMEX) Natural Gas Futures Contract (NG Futures Contract), which raised questions about its effect on prices in the physical natural gas market.

  • In Amaranth, FERC made a preliminary finding that Amaranth Advisors LLC, several other Amaranth entities, and two former Amaranth natural gas traders manipulated the price of FERC-jurisdictional transactions through trading on the New York Mercantile Exchange (NYMEX) Natural Gas Futures Contract (Futures Contract) on certain dates in 2006.

  • NYMEX Natural Gas Futures Contract, Daily Settlement Prices and 22-Day Rolling Average, 2006-2009 The 2009 MPR levelized forecast of delivered natural gas prices includes a Hedging Transaction Cost of $0.082/MMBtu of natural gas.

  • The “Agreed Imbalance Settlement Price” shall be equal to the simple average of the settlement prices on last three days of trading for the NYMEX Natural Gas Futures Contract for the delivery month of August 2004, minus a $0.325 per MMBtu composite basis adjustment and plus or minus an appropriate adjustment for any royalties or taxes that Seller has previously paid on imbalance quantities in satisfaction of obligations that would otherwise have to be paid by Buyer.

Related to NYMEX Natural Gas Futures Contract

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Stock Index Futures Contract means a bilateral agreement pursuant to which the parties agree to take or make delivery of an amount of cash equal to a specified dollar amount times the difference between the value of a particular stock index at the close of the last business day of the contract and the price at which the futures contract is originally struck.

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Futures Contract Option means an option with respect to a Futures Contract.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Crude Oil means any liquid hydrocarbon mixture occurring naturally in the earth whether or not treated to render it suitable for transportation and includes:

  • Raw agricultural commodity means any food in its raw or natural state including fruits that are washed, colored, or otherwise treated in their unpeeled natural form before marketing.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Commodity means any material, article, supply, goods, or equipment.

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Associated Natural Gas or “ANG” means Natural Gas produced in association with Crude Oil either as free gas or in solution, if such Crude Oil can by itself be commercially produced.

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • Hedging Contract means (a) any agreement providing for options, swaps, floors, caps, collars, forward sales or forward purchases involving interest rates, commodities or commodity prices, equities, currencies, bonds, or indexes based on any of the foregoing, (b) any option, futures or forward contract traded on an exchange, and (c) any other derivative agreement or other similar agreement or arrangement.

  • Petroleum and Natural Gas Rights means the entire interest of the Vendor as specified in Schedule "A" in and to the Lands and, insofar as they pertain to the Lands, the Leases.

  • Natural gas utility means an investor-owned business engaged in the sale and distribution of natural gas within this state whose rates are regulated by the commission.

  • Hedging Contracts means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or commodity prices.

  • Credit-sale contract means the same as defined in section 203.1.

  • Petroleum UST system means an underground storage tank system that contains petroleum or a mixture of petroleum with de minimis quantities of other regulated substances. Such systems include those containing motor fuels, jet fuels, distillate fuel oils, residual fuel oils, lubricants, petroleum solvents, and used oils.