North America gas: 5 things to look for in 2024
Predictions for the year ahead
Daniel Myers
Senior Research Analyst, North America Gas
Daniel Myers
Senior Research Analyst, North America Gas
Daniel delivers short-term fundamental modelling and regional market analysis.
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Opinion
North America gas: 5 things to look for in 2024
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Opinion
What is the impact of the Mountain Valley Pipeline (MVP) on shifting South Atlantic gas price dynamics?
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:
- Price volatility: will renewed volatility later in 2024 highlight the need for further storage capacity development?
- Resilient power demand: will gas-fired power persist near record levels?
- LNG export growth: what does the second wave of LNG terminal development look like?
- Infrastructure expansion: how will the market position for future production growth?
- Renewable natural gas (RNG) momentum: can demand-side contracting gain tangible traction?