Global gas: North America regional market report

Henry Hub gas prices have softened from last year's highs as the impacts of geopolitics on domestic gas markets subsided. Nevertheless, the North America gas market is set to grow over the next ten years, increasing nearly 30 bcfd, a 24 percent increase and incrementally higher than our prior update. Driving the growth is a rapid market expansion from new LNG export projects in the medium term. Domestically, gas demand remains resilient as energy transition developments present both opportunities and challenges but ultimately fuel growth over the next decade. North America supply is poised to meet the substantial demand growth. The need to bring significant supply volumes online in a short period of time will strengthen Henry Hub but, a lower oil price forecast revises associated supply growth downward.