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About Natural Gas
NATGAS tracks the value of 1 MMBtu of Henry Hub natural gas. Henry Hub serves as the primary U.S. benchmark for natural gas pricing and is widely referenced in global energy markets.
On Lighter, NATGAS is a synthetic perpetual market with its own order book, so its mark price, funding rate and open interest can differ from the same instrument on another venue.
NATGAS is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Energy, Commodities.
Frequently Asked Questions
- Does trading NATGAS give me a claim on any physical natural gas?
- No. NATGAS is a synthetic perpetual with no delivery mechanism — there is no physical natural gas backing the contract and no way to take delivery of it. It gives price exposure only.
- In what unit and currency is NATGAS's price quoted, and what is Henry Hub?
- Henry Hub natural gas is conventionally priced in U.S. dollars per MMBtu (million British thermal units), and NATGAS's price follows that same USD-per-MMBtu convention. Henry Hub itself is a physical natural-gas pipeline hub in Erath, Louisiana that lends the benchmark its name.
- How is NATGAS different from other names, like CL?
- NATGAS tracks Henry Hub natural gas, the primary U.S. natural-gas benchmark. CL, by contrast, tracks WTI crude oil — a different fuel and a physically separate market, even though both are U.S. energy benchmarks.
- NATGAS on Lighter is a synthetic perpetual market that tracks the value of 1 MMBtu of Henry Hub natural gas. It trades on Lighter, so you can gain long or short exposure without holding the physical commodity.
- NATGAS on Lighter is a synthetic perpetual market that tracks the value of 1 MMBtu of Henry Hub natural gas. It trades on Lighter, so you can gain long or short exposure without holding the physical commodity.
- Can NATGAS's price on Lighter differ from the price on other venues?
- Yes. Lighter's NATGAS market runs its own order book, so its mark price, funding rate, and open interest can differ from the same instrument on another venue.
- What does it mean that Lighter runs its own order book?
- An order book is the live list of buy and sell orders in a market. Because NATGAS on Lighter has its own book, prices are set by the orders on Lighter itself rather than imported from any other market.
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