Spot market (natural gas)

{
  "id": "MLC-T-ENE-002159",
  "term": "Spot market (natural gas)",
  "field": "Energy",
  "definition": "A market in which natural gas is bought and sold for immediate or very near-term delivery, usually for a period of 30 days or less. The transaction does not imply a continuing arrangement between the buyer and the seller. A spot market is more likely to develop at a location with numerous pipeline interconnections, thus allowing for a large number of buyers and sellers. The Henry Hub in southern Louisiana is the best known spot market for natural gas.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/spot-market-natural-gas/"
}