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If you are long nat gas at Henry Hub for next months delivery on a fixed price, how would you convert the fixed price to

  1. If you are long nat gas at Henry Hub for next months delivery on a fixed price, how would you convert the fixed price to daily pricing?
  2. If you convert fixed price to daily pricing, what do you expect prices to do if you are long? If you are short?
  3. What economic incentive has caused the world price of nat gas, both piped and LNG, to evolve from crude oil indexed?
  4. Why is it expected that the world price of nat gas will be Henry Hub related?

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