The Franklin Ohio Natural Gas Inventory Forward Sale Contract is a legally binding agreement between two parties for the sale and purchase of natural gas stored in Franklin, Ohio, at a predetermined future date. This contract enables the buyer to reserve a specific quantity of natural gas from the inventory, securing their supply and protecting against potential price fluctuations. Keywords: Franklin Ohio, natural gas inventory, forward sale contract, sale and purchase, predetermined future date, buyer, reserve, specific quantity, supply, price fluctuations. There are two main types of Franklin Ohio Natural Gas Inventory Forward Sale Contracts: 1. Fixed Quantity Contract: In this type of contract, the buyer agrees to purchase a specific quantity of natural gas from the Franklin Ohio inventory at a predetermined price and future delivery date. This provides the buyer with certainty in terms of the amount of gas they will receive, allowing them to plan their operations accordingly. 2. Variable Quantity Contract: Unlike the fixed quantity contract, the variable quantity contract allows the buyer to purchase varying amounts of natural gas from the Franklin Ohio inventory based on their requirements. The buyer has the flexibility to adjust their gas purchases depending on market conditions, demand fluctuations, or changes in their own needs. Both types of contracts provide benefits for buyers, such as locking in prices and securing a stable supply of natural gas. On the other hand, sellers benefit by guaranteeing sales of their inventory and reducing the risk of price volatility. Franklin Ohio Natural Gas Inventory Forward Sale Contracts play a crucial role in ensuring a smooth and reliable supply of natural gas to consumers, businesses, and industries in the region. These contracts provide stability, price protection, and flexibility, allowing participants to manage their natural gas needs efficiently and mitigate risks associated with market uncertainties.
Franklin Ohio Natural Gas Inventory Forward Sale Contract
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FAQ
What Are Natural Gas Futures? A natural gas future - like all commodities - is a contract obligating the buyer to purchase a specific quantity of natural gas at a future date and price. Delivery dates are set around the 15th day of the following month.
Natural gas futures can be used for hedging or speculating and can be traded nearly 24 hours per day, 6 days per week Trading natural gas futures allows hedgers to manage risk within the highly volatile natural gas price, which is driven by weather-related demand.
Natural gas price needs new negative momentum ? Analysis ? 12-10-20222. Despite the frequent stability of natural gas price within the bearish channel, lacking the negative momentum interprets the reasons of the recent sideways fluctuation and consolidating near 6.600
Futures Overview EnergyLastChg %Brent Crude Oil Continuous Contract$91.48-0.97%Natural Gas Continuous Contract$5.186-3.21%RBOB Gasoline Continuous Contract$2.6394-0.32%Heating Oil Continuous Contract$3.4511-0.94%1 more row
Table Definitions, Sources, and Explanatory Notes. A futures contract specifying the earliest delivery date. Natural gas contracts expire three business days prior to the first calendar day of the delivery month. Thus, the delivery month for Contract 1 is the calendar month following the trade date.
Natural gas futures contract specifications Exchange, Product Name, Product CodeNew York Mercantile Exchange (NYMEX), Henry Hub Natural Gas Futures, NGContract Size10,000 mmBtuMinimum Tick Size and Value0.001, worth $10.00 per contract.2 more rows
How much does it cost to trade futures? Fees for futures and options on futures are $2.25 per contract, plus exchange and regulatory fees.
Forward contract prices represent the value today at which paper contracts change hands for delivery of gas over a defined period in the future.
Natural Gas futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of natural gas (eg. 10000 mmbtus) at a predetermined price on a future delivery date.