Insight
Henry Hub prices have gone global
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
US gas producers no longer have the luxury of being able to largely ignore global gas markets, as the past summer’s experience of underutilized US LNG has shown us. The chance of a sequel to the “great US LNG pushback” next year will be determined by European and Asian markets. The pace of economic and gas demand recoveries in both, as well as Russian’s access to pipeline infrastructure in Europe, are questions that should concern US producers. After all, US LNG will come to represent about 12% of their potential market next summer, and as we’ve seen, that space can shrink in the blink of an eye.
Table of contents
- Asian demand rebound, supporting LNG market rebalancing
- European gas balancing, supporting increasing US LNG imports
Tables and charts
This report includes the following images and tables:
- Chart 4: Global short-term seasonal y-o-y demand change
- Chart 5: Changes in the European gas balance (2020 vs 2019)
- Chart 6. Major Russian gas export routes
- Chart 7: Russian pipeline capacity to Europe
What's included
This report contains:
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