Opinion

North America gas: 5 things to look for in 2024

Predictions for the year ahead

Daniel Myers, Senior Research Analyst, North America Gas, Wood Mackenzie

Daniel Myers

Senior Research Analyst, North America Gas

Daniel delivers short-term fundamental modelling and regional market analysis.

View Daniel Myers's full profile

Inside this year's report:

The natural gas market in North America entered 2024 with relatively healthy storage. Henry Hub's gas price escalation to near double-digits in the summer of 2022 had subsided and left in its wake record production and a mild start to the winter. 

Drawing on Lens Gas & LNG, in this report we tackle the key questions on five key trends for the year ahead:

  1. Price volatility: will renewed volatility later in 2024 highlight the need for further storage capacity development?
  2. Resilient power demand: will gas-fired power persist near record levels?
  3. LNG export growth: what does the second wave of LNG terminal development look like?
  4. Infrastructure expansion: how will the market position for future production growth?
  5. Renewable natural gas (RNG) momentum: can demand-side contracting gain tangible traction?

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