• Newsroom
    • Reports
    • News Releases
    • Market Insights
  • Contact Us
  • evo.ID

  • logo
  • logo
  • Our Business
    • Culture and Values
    • Recognition
    • Executive Team
    • Join Evo

        We named the company Evolution because markets constantly change. Our brokers are here to help you manage risk and profit from evolving global environmental and energy markets.

    • Our Services
      • Brokerage
      • Structured & Advisory
        • Data Policy
        Data/Analytics

          Seamless trade execution. Innovative risk management. Bespoke structured transactions.

          Learn more about Evolution Markets’ award winning brokerage services

      • Markets We Serve
          • Carbon Markets
          • Renewable Energy
          • Emission Markets
          Environmental
          • Natural Gas Markets
          • Power Markets
          • Oil Markets
          • Nuclear Fuels Markets
          • Biomass Markets
          • BioFuels Markets
          • Coal Markets
          Energy
        • Finance

            We have the longest continuous presence in carbon markets of any firm. We are a recognized leader in renewable energy markets.

            And now we offer unique hedging and risk management opportunities for the coming energy transition.

        • Our Business
          • Culture and Values
          • Recognition
          • Executive Team
          • Join Evo
        • Our Services
          • Brokerage
          • Structured & Advisory
          • Data/Analytics
        • Markets We Serve
          • Environmental
            • Carbon Markets
            • Renewable Energy
            • Emission Markets
          • Energy
            • Natural Gas Markets
            • Power Markets
            • Oil Markets
            • Nuclear Fuels Markets
            • Biomass Markets
            • BioFuels Markets
            • Coal Markets
          • Finance
        • Newsroom
          • Reports
          • News Releases
          • Market Insights
        • Contact Us
        • evo.ID

        Cookie/Privacy Notice

        We use cookies for analytics and to improve our site. We have a new Cookie Policy and have also updated our Privacy Policy. You agree to our use of cookies and our privacy policy by closing this message box or continuing to use our site. To find out more visit our privacy policy

        • Home
        • Newsroom
        • Market Insights
        • Evolution Brokers First ICE-cleared Henry Hub - NBP Spread Trade

        • Previous Post
        • Energy
        • Next Post

        Evolution Brokers First ICE-cleared Henry Hub - NBP Spread Trade

        08.18.20

        Evolution has brokered the first ICE-cleared futures spread between the UK natural gas hub, NBP, and the U.S. Henry Hub benchmark. The Q4 2020 Henry Hub / NBP spread traded at -US$1.455, and the trade reflects the growing convergence of natural gas markets centered on global shipments of liquefied natural gas (LNG).

        This trade was co-brokered between Evolution Markets’ London-based European natural gas team and the U.S. natural gas basis team in New York.

        As LNG export terminals came online in the U.S., the UK and Europe were increasingly the final destination for shipments. The resulting need for instruments to hedge trans-Atlantic price differentials facilitated spread trading between major benchmark contracts, including Henry Hub in the U.S., the Dutch TTF hub, and the U.K.’s National Balancing Point (NBP).

        While swap trading between Henry Hub and TTF has been active for some time, increased consumption of US-origin LNG in the UK has led to interest in Henry Hub / NBP spreads, as well. The trade brokered by Evolution is continuation of the trend toward global trading of natural gas.

        For more information on global natural gas trading, including LNG, contact our natural gas desks in London (+44 (0)20 7264 4550) or New York (+1 914 323 0270).

        • Our Business
          • Culture and Values
          • Recognition
          • Executive Team
          • Join Evo
        • Our Services
          • Brokerage
          • Structured & Advisory
          • Data/Analytics
            • Data Policy
        • Markets We Serve
          • Environmental
            • Carbon Markets
            • Renewable Energy
            • Emission Markets
          • Energy
            • Natural Gas Markets
            • Power Markets
            • Oil Markets
            • Nuclear Fuels Markets
            • Biomass Markets
            • BioFuels Markets
            • Coal Markets
          • Finance
        • evo.ID LOGIN
        • Contact Us
        • Follow Us On

        • Newsroom
        • News Releases
        • Reports
        • Market Insights
        • Privacy Policy
        • Terms & Conditions
        • Disclaimer
        • Compliance
        • Evolution Markets Futures LLC
        • Evolution Markets Inc.