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Global gas markets long-term outlook – North America – H2 2015

Global gas markets long-term outlook – North America – H2 2015

Report summary

Upstream activity in North America is lower than ever. Given prevailing WTI and Henry Hub prices, producers in all but the lowest-cost sub-plays across the continent have little incentive to drill. The rig count in the US Lower 48 has plummeted and year-on-year North American gas supply growth is expected to stall in 2016. However, while supply growth is decelerating, reduced service costs and increasing recovery rates mean that production potential is higher than ever. The reduced wellhead breakevens mean lower long-term gas prices.

Prices should still support the investment required to connect US and Canadian supplies to higher-value markets through pipes, industrial projects, and liquefaction capacity. As these connections come online, prices should rise enough to drive a muted recovery in activity. Backed up by contributions from both gas and liquids plays, annual US and Canadian production will grow into the next decade.

What's included?

This report includes 3 file(s)

  • Global gas markets long-term outlook – North America – H2 2015 PDF - 287.45 KB 4 Pages, 0 Tables, 0 Figures
  • Global gas markets long-term outlook - North America - H1 2015 .pdf PDF - 531.86 KB
  • Global gas markets long-term outlook - North America - H2 2015.xls XLS - 244.00 KB


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
  • Key Issues
    • Demand
    • Domestic supply
    • Exported supply
    • Repeal of Crude Oil Export Ban
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