Commodity market report
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15 Pages

Global gas markets long-term outlook – North America – H1 2015

Global gas markets long-term outlook – North America – H1 2015

Report summary

The collapse in oil prices over the last six months has roiled energy markets, but the primary theme defining North American gas markets remains the same: wellhead breakevens are lower still, limiting long-term upward pressure on gas prices. 

What's included?

This report includes 2 file(s)

  • Global gas markets long-term outlook – North America – H1 2015 PDF - 531.86 KB 15 Pages, 1 Tables, 12 Figures
  • Regional Market North America.xls XLS - 1.22 MB


Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Long Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this long term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
  • Prices
  • Demand
    • Economic Growth
      • GDP Growth
    • Energy policy developments
      • EPA's Clean Power Plan carbon regulation
    • Gas demand outlook
    • Power demand will be the workhorse of domestic growth
    • Wave of industrial projects will spur US gas demand
    • Concentrated in the South
    • Delivering northern supply to southern markets
  • Supply
    • Northeast production growth continues, albeit more slowly
    • Long-term Utica upside
    • Mid-term Northeast pipeline build-out
    • Falling wellhead breakevens
  • Trade
    • Imports
    • Exports
    • Intra-regional flows
      • Canada to US
      • US to Mexico
  • Supply-demand balances
    • Contracted supply-demand gap
      • LNG supply-demand gap
  • Risks and uncertainties
    • Downside pricing risks
    • Upside pricing risks

In this report there are 13 tables or charts, including:

  • Executive summary
  • Prices
    • North American gas price forecast
    • Henry Hub price outlook and marginal plays
  • Demand
    • GDP Forecast (Q2 2015)
    • Real GDP Index
    • Demand growth (from 2014)
    • US industrial projects by sector in Base Case (vs. 2013)
    • Regional demand growth (2025 vs 2014)
    • Demand: Image 6
  • Supply
    • New Northeast pipeline capacity
    • Supply: Table 1
  • Trade
    • Mexico gas Supply
  • Supply-demand balances
    • Supply-demand balances: Image 1
    • Supply-demand balance
  • Risks and uncertainties
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